Futu Holdings Ltd reports results for the quarter ended September 30 - Earnings Summary

• Futu Holdings Ltd FUTU.OQ reported quarterly adjusted earnings of HK$10.00​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of HK$8.33. The mean expectation of three analysts for the quarter was for earnings of HK$9.85 per share. Wall Street expected results to range from HK$9.38 to HK$10.32 per share.

• Revenue rose 29.6% to HK$3.44 billion from a year ago; analysts expected HK$3.21 billion.

• Futu Holdings Ltd's reported EPS for the quarter was HK$9.42​.

• The company reported quarterly net income of HK$1.32 billion.

• Futu Holdings Ltd shares had fallen by 3.5% this quarter and gained 69.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 48.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for Futu Holdings Ltd is $98.55

This summary was machine generated from LSEG data November 19 at 02:31 p.m. UTC. ​All figures in Hong Kong dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)