UP Fintech Holding Third Quarter 2024 Earnings: Beats Expectations

UP Fintech Holding (NASDAQ:TIGR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$85.4m (up 47% from 3Q 2023).
• Net income: US$17.8m (up 34% from 3Q 2023).
• Profit margin: 21% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.11 (up from US$0.085 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

UP Fintech Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 38%. Earnings per share (EPS) also surpassed analyst estimates by 83%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 14% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for UP Fintech Holding (1 can't be ignored!) that you need to take into consideration.

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