Jiayin Group
JFIN
is set to release
third-quarter 2021 results
on Nov 24.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $90.7 million, indicating a surge of 53.4% from the figure reported in the year-ago quarter.
The consensus mark for third-quarter earnings is pegged at 33 cents, which has been stable in the past 30 days. The projection suggests growth of 43.5% from the year-ago quarter’s reported quarter.
Jiayin’s strong partner base has been a key catalyst. The company’s initiatives to add more institutional partners to diversify its funding resources are expected to have driven the top line in the to-be-reported quarter.
In the second quarter, net revenues of RMB492.2 million ($76.2 million) surged 101% on a year-over-year basis.
Jiayin Group Inc. Sponsored ADR Price and EPS Surprise
Jiayin Group Inc. Sponsored ADR price-eps-surprise
|
Jiayin Group Inc. Sponsored ADR Quote
Jiayin anticipates a continued increase in asset quality and loan-origination volume in the to-be-reported quarter. Loan origination volume was RMB5,663 million ($877.1 million), up 153% year over year in the previous quarter.
Acquisitions like Bweenet Network Technology are expected to have contributed to the top line in third-quarter 2021.
What Our Model Indicates
Per the Zacks model, the combination of a positive
Earnings ESP
and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Jiayin has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). You can uncover the best stocks to buy or sell before they’re reported with our
Earnings ESP Filter
.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Splunk
SPLK
has an Earnings ESP of +8.89% and a Zacks Rank #3. You can see
the complete list of today’s Zacks #1 Rank stocks here
.
Splunk’s shares have declined 22% year to date compared with the Zacks
Internet Software
industry’s fall of 11.1% and the Computer & Technology sector’s return of 28.5%.
CrowdStrike
CRWD
has an Earnings ESP of +0.92% and a Zacks Rank of 3.
CrowdStrike’s shares have increased 17% year to date against the Zacks
Internet Software
industry’s decline of 11.1%. CRWD has underperformed the Computer & Technology sector’s return of 28.5% year to date.
Coupa Software
COUP
has an Earnings ESP of +33.33% and a Zacks Rank of 3.
Coupa Softwares’ shares have plunged 39.2% year to date compared with the Zacks
Internet Software
industry’s fall of 11.1%. COUP has underperformed the Computer & Technology sector’s return of 28.4% year to date.
Zacks’ Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.
See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
