Cheche Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-27

Cheche Group (NASDAQ:CCG) Third Quarter 2024 ResultsKey Financial Results Revenue: CN¥850.5m (up 3.3% from 3Q 2023). Net income: CN¥4.05m (up from CN¥707.6m loss in 3Q 2023). Profit margin: 0.5% (up ...

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Net income: CN¥4.05m (up from CN¥707.6m loss in 3Q 2023). Profit margin: 0.5% (up ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/insurance/nasdaq-ccg/cheche-group/news/cheche-group-third-quarter-2024-earnings-eps-beats-expectati\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCG","symbol_name":"车车科技","start_time":0,"source_url":"https://simplywall.st/stocks/us/insurance/nasdaq-ccg/cheche-group/news/cheche-group-third-quarter-2024-earnings-eps-beats-expectati","article_id":"2486820053","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/7211000-choice2-main-header/1585187169399"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486820053","pubTimestamp":1732704983,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Cheche Group ( NASDAQ:CCG ) Third Quarter 2024 Results Key Financial Results Revenue: CN¥850.5m (up 3.3% from 3Q 2023...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CCG":"车车科技"},"translate_title":"车车集团2024年第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCG":0.9},"content_text":"Cheche Group (NASDAQ:CCG) Third Quarter 2024 ResultsKey Financial Results Revenue: CN¥850.5m (up 3.3% from 3Q 2023). Net income: CN¥4.05m (up from CN¥707.6m loss in 3Q 2023). Profit margin: 0.5% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. EPS: CN¥0.051 (up from CN¥17.52 loss in 3Q 2023).  NasdaqCM:CCG Earnings and Revenue Growth November 27th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Cheche Group EPS Beats Expectations, Revenues Fall Short  Revenue missed analyst estimates by 2.1%.  Earnings per share (EPS) exceeded analyst estimates.      Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.    Performance of the American Insurance industry.  The company's shares are up 8.0% from a week ago.   Risk Analysis Before you take the next step you should know about the 4 warning signs for Cheche Group that we have uncovered. New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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