Futu Holdings Ltd reports results for the quarter ended December 31 - Earnings Summary

• Futu Holdings Ltd FUTU.OQ reported quarterly adjusted earnings of HK$13.93​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of HK$6.83. The mean expectation of four analysts for the quarter was for earnings of HK$12.06 per share. Wall Street expected results to range from HK$9.84 to HK$13.30 per share.

• Revenue rose 86.8% to HK$4.43 billion from a year ago; analysts expected HK$3.82 billion.

• Futu Holdings Ltd's reported EPS for the quarter was HK$13.35​.

• The company reported quarterly net income of HK$1.87 billion.

• Futu Holdings Ltd shares had risen by 39.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.3% 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 14 "strong buy" or "buy," 2 "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 $129.50

This summary was machine generated from LSEG data March 13 at 01:31 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)