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

• Futu Holdings Ltd FUTU.OQ reported quarterly adjusted earnings of HK$3.05​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of HK$13.93. The mean expectation of six analysts for the quarter was for earnings of HK$21.84 per share. Wall Street expected results to range from HK$19.84 to HK$23.22 per share.

• Revenue rose 45.3% to HK$6.44 billion from a year ago; analysts expected HK$6.31 billion.

• Futu Holdings Ltd's reported EPS for the quarter was HK$2.99​.

• The company reported quarterly net income of HK$3.39 billion.

• Futu Holdings Ltd shares had fallen by 12.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 11.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," no "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 $231.00, about 38.1% above its last closing price of $143.01

This summary was machine generated from LSEG data March 13 at 09:03 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)