QFIN Stock Recent News

If you are looking for stocks that are well positioned to maintain their recent uptrend, Qifu Technology, Inc. (QFIN) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Investors interested in Technology Services stocks are likely familiar with Qifu Technology, Inc. (QFIN) and Maplebear (CART). But which of these two stocks presents investors with the better value opportunity right now?

We recap Qifu Technologies Q1 earnings report. The company is managing to drive profitability higher even as consumer credit conditions in the Chinese economy remain volatile. Shares offer a compelling 5.5% dividend yield.

QFIN is expecting a reasonably good high-single digit percentage expansion in its bottom line for Q2 2024, while the stock trades at a low-to-mid digit forward P/E multiple. I have a positive view of Qifu Technology's Q1 2024 metrics pertaining to take rate, share repurchases, and asset quality. A Buy rating for the stock is maintained after an evaluation of the company's guidance and metrics.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Qifu Technology, Inc. (QFIN) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Does Qifu Technology, Inc. (QFIN) have what it takes to be a top stock pick for momentum investors? Let's find out.

Qifu Technology, Inc. (NASDAQ:QFIN ) Q1 2024 Results Conference Call May 20, 2024 7:30 AM ET Company Participants Karen Ji - Senior Director of Capital Markets Wu Haisheng - Chief Executive Officer Alex Xu - Chief Financial Officer Zheng Yan - Chief Risk Officer Conference Call Participants Chiyao Huang - Morgan Stanley Emma Xu - Bank of America Alex Ye - UBS Yada Li - CICC Operator Thank you for standing by, and welcome to the Qifu Technology First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

SHANGHAI, China, May 19, 2024 (GLOBE NEWSWIRE) -- Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.

Qifu Technology, Inc. (QFIN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).