Free Trial

Futu (NASDAQ:FUTU) Posts Quarterly Earnings Results, Misses Estimates By $11.58 EPS

Futu logo with Business Services background
Remove Ads

Futu (NASDAQ:FUTU - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $1.72 EPS for the quarter, missing analysts' consensus estimates of $13.30 by ($11.58), Zacks reports. Futu had a net margin of 38.59% and a return on equity of 16.86%.

Futu Stock Up 1.3 %

Shares of NASDAQ FUTU opened at $111.73 on Thursday. The company has a 50 day moving average of $100.07 and a 200 day moving average of $90.48. Futu has a twelve month low of $51.80 and a twelve month high of $130.88. The firm has a market cap of $15.40 billion, a P/E ratio of 27.38, a PEG ratio of 0.79 and a beta of 0.78.

Analyst Ratings Changes

A number of research firms recently weighed in on FUTU. Morgan Stanley raised Futu from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $70.00 to $115.00 in a research report on Monday, November 18th. Citigroup cut Futu from a "buy" rating to a "neutral" rating and increased their target price for the stock from $79.00 to $95.00 in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.40.

View Our Latest Report on FUTU

Futu Company Profile

(Get Free Report)

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.

See Also

Earnings History for Futu (NASDAQ:FUTU)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Remove Ads

Should You Invest $1,000 in Futu Right Now?

Before you consider Futu, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Futu wasn't on the list.

While Futu currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last
Best ETFs for Spring 2025: Strong and Steady Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads