$Lufax(LU)$ Buy Candidate. Against all odds.
Lufax Holding Ltd. Sponsored ADR (LU) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.04, delivering a surprise of 100%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Credit: https://www.nasdaq.com/articles/lufax-holding-ltd.-sponsored-adr-lu-q2-earnings-top-estimates
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