Cheche Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Cheche Group (NASDAQ:CCG) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥850.5m (up 3.3% from 3Q 2023).
• Net income: CN¥4.05m (up from CN¥707.6m loss in 3Q 2023).
• Profit margin: 0.5% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses.
• EPS: CN¥0.051 (up from CN¥17.52 loss in 3Q 2023).

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

Cheche Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 8.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Cheche Group that we have uncovered.

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