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Huize Holding (HUIZ)
NASDAQ:HUIZ
Holding HUIZ?
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Earnings Data
Report Date
Apr 08, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 10, 2024
|% Change Since: -51.57%
|Next Earnings Date:Apr 08, 2025
Earnings Call Sentiment|Neutral
The earnings call presented strong financial performance and international expansion success, with record-breaking metrics in several areas. However, challenges such as gross margin pressure and anticipated weaker performance in Q4 suggest a balanced outlook.Company Guidance
During the third quarter of 2024 earnings call for Huize, the company reported significant financial milestones and outlined their strategic guidance. Gross written premiums (GWP) reached a record RMB 2.06 billion, with total revenue hitting RMB 370 million and net profit at RMB 18.7 million. First-year premiums (FYP) increased by 110% year-over-year to RMB 1.35 billion, while renewal premiums rose by 18% to RMB 706 million. The average FYP ticket size for long-term insurance products surged nearly 140% to RMB 9,630, and the average ticket size for savings products increased by 59% to RMB 79,000. Persistency ratios for long-term insurance exceeded 95%. International operations contributed 19% to total revenue, with plans to expand into Singapore and the Philippines. The company aims for international business to account for 30% of revenues by 2026. Huize also highlighted its adoption of AI tools to enhance operational efficiency and customer engagement, projecting a 50% improvement in content production by year-end. The management underscored their focus on diversifying revenue streams and expanding market presence, particularly in Southeast Asia, to drive sustainable growth and shareholder value.Record-Breaking Gross Written Premiums
Gross Written Premiums (GWP) facilitated across all platforms reached RMB 2.06 billion, setting a new quarterly record.
Strong Revenue and Net Profit
Total revenue amounted to RMB 370 million, and net profit reached RMB 18.7 million for Q3 2024.
Significant Growth in First Year Premiums
Total First Year Premiums (FYP) facilitated on the platform were approximately RMB 1.35 billion, up 110% year-over-year.
International Expansion Success
International business contribution to total revenue reached a new record high of 19%, up 8 percentage points compared to the previous quarter.
AI-Driven Operational Improvements
AI initiatives expected to drive a 50% improvement in content production, enhancing service capabilities.
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HUIZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HUIZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 10, 2024 | $6.06 | $4.09 | -32.51% |
| Sep 25, 2024 | $4.14 | $3.54 | -14.49% |
| May 23, 2024 | $4.00 | $4.15 | +3.75% |
| Mar 20, 2024 | $3.70 | $3.76 | +1.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Huize Holding (HUIZ) report earnings?
Huize Holding (HUIZ) is schdueled to report earning on Apr 08, 2025, TBA Not Confirmed.
What is Huize Holding (HUIZ) earnings time?
Huize Holding (HUIZ) earnings time is at Apr 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HUIZ EPS forecast?
Currently, no data Available
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