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Lexinfintech Holdings Ltd (LX)
NASDAQ:LX
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 25, 2024
|% Change Since: 73.82%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant improvements in loan origination, asset quality, profitability, and customer acquisition efficiency. However, challenges include a decline in e-commerce revenue and increased processing costs. Overall, the positive aspects outweigh the negatives, indicating a strong performance and optimistic outlook.Company Guidance
In the third quarter of 2024, LexinFintech reported significant financial and operational improvements, driven by a comprehensive risk management strategy and market expansion initiatives. Loan originations reached RMB 51 billion, with an outstanding loan balance of RMB 111.3 billion. The company achieved revenue of RMB 3.7 billion and a net profit of RMB 310 million, marking a return to steady growth. The net profit margin improved to 8.45%, up 223 basis points from the previous quarter, facilitated by a 98 basis-point reduction in funding costs. The FPD7 risk indicator for new loans decreased by 13% from the second quarter, while the day 1 delinquency ratio dropped by 9%, reflecting enhanced asset quality. Lexin's efforts to diversify funding sources and optimize customer acquisition resulted in a 24% increase in drawdown customers and a 35% reduction in new customer acquisition costs. The company also launched an Intelligent Credit Platform to leverage AI-driven insights, further improving risk management and profitability. Looking ahead, Lexin plans to increase its dividend payout ratio to 25% in 2025, continuing its commitment to shareholder value creation.Loan Origination and Asset Quality Improvement
In Q3 2024, loan originations reached RMB 51 billion, with an outstanding loan balance of RMB 111.3 billion. The quality of new loans improved, with a decrease in FPD7 by 13% and a reduction in the day 1 delinquency ratio by 9% compared to the previous quarter.
Profitability and Net Profit Growth
Net profit reached RMB 310 million, a 36.7% increase quarter-over-quarter. The net profit margin was 8.45%, up by 223 basis points due to improved asset quality and reduced risk levels.
Record Low Funding Costs
The funding cost reached a new historical low of 4.28%, nearly 100 basis points lower than Q2. This was achieved through partnerships with national financial institutions, reflecting increased confidence in the company's assets.
Customer Acquisition Efficiency
The number of new users with approved credit lines increased by 44% from Q2, while the acquisition cost for these users dropped by 35%.
Dividend Payout Increase
The company plans to raise its dividend payout ratio from 20% to 25% of net profit starting in 2025.
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LX 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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LX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $3.40 | $4.27 | +25.59% |
| Aug 27, 2024 | $1.70 | $1.62 | -4.71% |
| May 23, 2024 | $1.76 | $1.80 | +2.27% |
| Mar 20, 2024 | $1.99 | $1.78 | -10.55% |
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 Lexinfintech Holdings Ltd (LX) report earnings?
Lexinfintech Holdings Ltd (LX) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Lexinfintech Holdings Ltd (LX) earnings time?
Lexinfintech Holdings Ltd (LX) earnings time is at Mar 12, 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 LX EPS forecast?
Currently, no data Available
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