Q2 2024 Earnings Forecast for CNFinance Holdings Limited Issued By Greenridge Global (NYSE:CNF)

CNFinance Holdings Limited (NYSE:CNF) – Equities research analysts at Greenridge Global decreased their Q2 2024 earnings per share (EPS) estimates for CNFinance in a note issued to investors on Tuesday, April 23rd. Greenridge Global analyst W. Gregozeski now forecasts that the company will post earnings per share of $0.11 for the quarter, down from their previous forecast of $0.14. The consensus estimate for CNFinance’s current full-year earnings is $0.56 per share. Greenridge Global also issued estimates for CNFinance’s Q3 2024 earnings at $0.11 EPS and FY2024 earnings at $0.50 EPS.

CNFinance (NYSE:CNF) last announced its quarterly earnings data on Thursday, March 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). CNFinance had a return on equity of 4.05% and a net margin of 9.40%. The firm had revenue of $33.11 million for the quarter.

CNFinance Price Performance

Shares of NYSE CNF opened at $1.83 on Wednesday. CNFinance has a 1-year low of $1.53 and a 1-year high of $4.10. The company has a debt-to-equity ratio of 2.22, a current ratio of 532.61 and a quick ratio of 436.32. The business’s fifty day moving average price is $2.06 and its two-hundred day moving average price is $2.26. The firm has a market capitalization of $125.50 million, a PE ratio of 5.90 and a beta of 0.05.

Institutional Investors Weigh In On CNFinance

A hedge fund recently bought a new stake in CNFinance stock. Avantax Advisory Services Inc. bought a new position in CNFinance Holdings Limited (NYSE:CNF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,321 shares of the company’s stock, valued at approximately $39,000.

About CNFinance

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.