LX - LexinFintech: What To Watch With Upcoming Q4 Results

2024-01-31 23:07:30 ET

Summary

• Investors should watch LX's financial performance and shareholder capital return moves when the company releases its Q4 2023 results in March.
• I see a good chance of LexinFintech returning more capital to shareholders in the future, but I don't think that LX's actual fourth quarter results will surpass expectations.
• My decision is to maintain my Hold rating for the Company, after assessing the key things to watch with LX's upcoming earnings disclosure.

Elevator Pitch

I rate LexinFintech Holdings Ltd. ( LX ) stock as a Hold.

I previously downgraded my rating for LexinFintech from a Buy to a Hold in my article written on November 14, 2023. LX's shares have underperformed the S&P 500 by -14.7 percentage points (source: Seeking Alpha price data) in the last two and a half months since my earlier update was published....

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