<p>卡斯皮股份有限公司（NASDAQ:KSPI - 获取免费报告）于周一发布了季度财报。该公司报告季度每股收益为 2.78 美元，超出分析师一致预期的 2.59 美元，超出幅度为 0.19 美元，FiscalAI 报道。该公司在本季度的收入为 22.7 亿美元，而分析师预期为 21.5 亿美元。卡斯皮股份有限公司的净利润率为 26.59%，股本回报率为 48.73%。</p>
<p>以下是卡斯皮股份有限公司电话会议的关键要点：</p>
<ul>
<li><strong>电子商务强劲势头：</strong> 电子商务的 GMV 同比增长约 41%（按固定汇率，按形式计算），交易量增长 43%，季度购买频率上升至 15（同比增长 44%），同时广告和配送收入激增约 73%，使得提成率上升约 90 个基点至 15.8%。</li>
<li><strong>稳健的收入和股东回报：</strong> 合并收入同比增长约 31%，调整后的 EBITDA 同比增长 9%，董事会建议每 ADS 派发 850 坚戈的股息（≈64% 的派息率），支持股东回报预期。</li>
<li><strong>尽管投资组合增长，金融科技融资面临挑战：</strong> 平均净贷款组合同比增长约 23%，信用指标保持低位（首/二次付款违约率为 0.9%/0.4%，逾期率为 2.2%），但融资成本同比上升约 220 个基点，给净利息收入和盈利能力带来压力，直到利率回落。</li>
<li><strong>土耳其/Hepsiburada 朝着盈亏平衡迈进：</strong> 随着卡斯皮在配送、技术和商户入驻方面的投资，第一季度亏损有所缩小；管理层目标是实现 EBITDA 盈亏平衡（并最终实现自由现金流正向）同时提高平台的用户参与度。</li>
<li><strong>指导和流动性：</strong> 全年指导大致保持不变（GMV 约 20%，TPV 约 15%，EBITDA 增长约 5%），公司为一般企业用途筹集了 6 亿美元（5.9%），以资助在哈萨克斯坦和土耳其的各项计划。</li>
</ul>
<h2>卡斯皮股份有限公司股价上涨 1.9%</h2>
<p>周一午盘交易中，KSPI 股价上涨 1.61 美元，达到 87.51 美元。该公司的交易量为 205,294 股，而其平均交易量为 533,131 股。卡斯皮股份有限公司的 52 周低点为 68.59 美元，52 周高点为 99.20 美元。该公司的市值为 166.5 亿美元，市盈率为 8.10，贝塔值为 0.98。该公司的 50 日简单移动平均线为 77.56 美元，200 日简单移动平均线为 76.66 美元。</p>
<h2>卡斯皮股份有限公司宣布分红</h2>
<p>该公司最近宣布了一项股息，将于 4 月 16 日（星期四）支付。4 月 16 日（星期四）的股东将获得 1.7595 美元的股息。该股息的除息日期为 4 月 16 日（星期四）。卡斯皮股份有限公司的股息支付比率（DPR）目前为 16.39%。</p>
<h2>分析师评级上调与下调</h2>
<p>一些股票分析师最近对该股进行了评估。Weiss Ratings 在 4 月 21 日的研究报告中将卡斯皮股份有限公司的股票评级从 “卖出（d+）” 上调至 “持有（c-）”。Susquehanna 在 2 月 2 日的研究报告中将卡斯皮股份有限公司的股票评级从 “积极” 下调至 “中性”，并为该公司设定了 87.00 美元的目标价。最后，Zacks Research 在 2 月 2 日的研究报告中将卡斯皮股份有限公司的股票评级从 “强烈卖出” 上调至 “持有”。一位股票研究分析师给予该股 “买入” 评级，四位分析师给予该公司 “持有” 评级。根据 MarketBeat.com 的数据，卡斯皮股份有限公司的共识评级为 “持有”，平均目标价为 96.67 美元。</p>
<p><strong>查看我们关于卡斯皮股份有限公司的最新研究报告</strong></p>
<h2>对卡斯皮股份有限公司的对冲基金看法</h2>
<p>几家对冲基金和其他机构投资者最近增加或减少了对该公司的持股。Advisory Services Network LLC 在第四季度将其在卡斯皮股份有限公司的持股增加了 15.3%。Advisory Services Network LLC 目前拥有该公司 3,787 股股票，价值 296,000 美元，此前在上个季度购买了 502 股。North of South Capital LLP 在第四季度购买了卡斯皮股份有限公司的新股份，价值 1,425,000 美元。俄亥俄州公共雇员退休系统在第四季度将其在卡斯皮股份有限公司的持股增加了 16.4%。俄亥俄州公共雇员退休系统目前拥有该公司 167,125 股股票，价值 13,057,000 美元，此前在上个季度购买了 23,500 股。拉塞尔投资集团在第四季度将其在卡斯皮股份有限公司的持股增加了 21.4%。拉塞尔投资集团目前拥有该公司 186,320 股股票，价值 14,557,000 美元，此前在上个季度购买了 32,820 股。最后，Ameriprise Financial Inc.在第三季度将其在卡斯皮股份有限公司的持股增加了 1,518.9%。Ameriprise Financial Inc.目前拥有该公司 869,201 股股票，价值 70,996,000 美元，此前在上个季度购买了 815,509 股。对冲基金和其他机构投资者持有该公司 32.20% 的股份。</p>
<h2>卡斯皮股份有限公司公司简介</h2>
<p>（获取免费报告）</p>
<p>卡斯皮股份有限公司是一家总部位于哈萨克斯坦阿拉木图的领先金融科技和电子商务集团。该公司建立了该国最大的数字生态系统之一，提供一系列综合服务，涵盖消费银行、支付、在线市场和商户收购。通过其移动和网络平台，卡斯皮旨在简化哈萨克斯坦个人和企业的日常金融和购物活动。</p>
<p>该公司的核心产品包括数字银行解决方案，如存款账户、数字钱包和资金转移，以及使得销售点融资和 “先买后付” 购买成为可能的消费贷款产品。</p>
<h2>进一步阅读</h2>
<ul>
<li>我们更看好的五只股票，而非联合股票公司 Kaspi.kz</li>
<li>疯狂星期一.com：这位 SaaS 领袖的反弹仅仅是个开始</li>
<li>5 只有望受益于人工智能推理热潮的股票</li>
<li>Meta Platforms 在财报后的剧烈波动：分析师的目标价现在在哪里</li>
<li>3 只在商品超级周期中受益的金属和矿业股票</li>
</ul>
<p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9S1NQSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9S1NQSQ"/></p>
<p><em>此即时新闻提醒由叙事科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送邮件至 contact@marketbeat.com.</em></p>
<h2>你现在应该投资 1,000 美元在联合股票公司 Kaspi.kz 吗？</h2>
<p>在考虑联合股票公司 Kaspi.kz 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而联合股票公司 Kaspi.kz 并不在名单上。</p>
<p>虽然联合股票公司 Kaspi.kz 目前在分析师中被评为持有评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>在这里查看这五只股票</p>

KSPI

<p>哈萨克斯坦联合股票公司 Kaspi.kz（NASDAQ:KSPI）报告季度每股收益为 2.78 美元，超出预期 0.19 美元。收入达到 22.7 亿美元，超过预期的 21.5 亿美元。公司指出净利润率为 26.59%，股本回报率为 48.73%。电子商务的交易总额同比增长 41%，而广告收入增长了 73%。董事会建议每个美国存托股票（ADS）派发 850 哈萨克坚戈的股息。尽管面临融资压力，平均净贷款组合增长了 23%。股票上涨 1.9%，至 87.51 美元，市值为 166.5 亿美元，市盈率为 8.10</p>

<p>Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) posted its quarterly earnings data on Monday. The company reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.59 by $0.19, FiscalAI reports. The firm had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.15 billion. Joint Stock Company Kaspi.kz had a net margin of 26.59% and a return on equity of 48.73%.</p>
<div class="lb-trans"><p>卡斯皮股份有限公司（NASDAQ:KSPI - 获取免费报告）于周一发布了季度财报。该公司报告季度每股收益为 2.78 美元，超出分析师一致预期的 2.59 美元，超出幅度为 0.19 美元，FiscalAI 报道。该公司在本季度的收入为 22.7 亿美元，而分析师预期为 21.5 亿美元。卡斯皮股份有限公司的净利润率为 26.59%，股本回报率为 48.73%。</p>
</div><p>Here are the key takeaways from Joint Stock Company Kaspi.kz's conference call:</p>
<div class="lb-trans"><p>以下是卡斯皮股份有限公司电话会议的关键要点：</p>
</div><ul>
<li><strong>E‑commerce strong momentum:</strong> E‑commerce GMV grew ~41% YoY (constant‑currency, pro‑forma) with transactions +43% and quarterly purchase frequency up to 15 (↑44% YoY), while advertising and delivery revenue jumped ~73%, lifting the take‑rate ~90bps to 15.8%.</li>
<li><strong>Solid top‑line and shareholder returns:</strong> Consolidated revenue rose ~31% YoY and adjusted EBITDA +9% YoY, and the board recommended a KZT 850 per ADS dividend (≈64% payout), supporting shareholder return expectations.</li>
<li><strong>Fintech funding headwinds despite portfolio growth:</strong> Average net loan portfolio grew ~23% and credit metrics remain low (1st/2nd payment defaults 0.9%/0.4%, delinquency 2.2%), but funding costs are ~220bps higher YoY, pressuring NII and profitability until interest rates ease.</li>
<li><strong>Turkey/Hepsiburada progressing toward breakeven:</strong> Losses narrowed in Q1 as Kaspi invests in delivery, tech and merchant onboarding; management targets EBITDA breakeven (and eventual FCF positivity) while driving higher engagement on the platform.</li>
<li><strong>Guidance and liquidity:</strong> Full‑year guidance remains largely unchanged (GMV ~20%, TPV ~15%, EBITDA growth ~5%), and the company raised $600m (5.9%) for general corporate purposes to fund initiatives across Kazakhstan and Turkey.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>电子商务强劲势头：</strong> 电子商务的 GMV 同比增长约 41%（按固定汇率，按形式计算），交易量增长 43%，季度购买频率上升至 15（同比增长 44%），同时广告和配送收入激增约 73%，使得提成率上升约 90 个基点至 15.8%。</li>
<li><strong>稳健的收入和股东回报：</strong> 合并收入同比增长约 31%，调整后的 EBITDA 同比增长 9%，董事会建议每 ADS 派发 850 坚戈的股息（≈64% 的派息率），支持股东回报预期。</li>
<li><strong>尽管投资组合增长，金融科技融资面临挑战：</strong> 平均净贷款组合同比增长约 23%，信用指标保持低位（首/二次付款违约率为 0.9%/0.4%，逾期率为 2.2%），但融资成本同比上升约 220 个基点，给净利息收入和盈利能力带来压力，直到利率回落。</li>
<li><strong>土耳其/Hepsiburada 朝着盈亏平衡迈进：</strong> 随着卡斯皮在配送、技术和商户入驻方面的投资，第一季度亏损有所缩小；管理层目标是实现 EBITDA 盈亏平衡（并最终实现自由现金流正向）同时提高平台的用户参与度。</li>
<li><strong>指导和流动性：</strong> 全年指导大致保持不变（GMV 约 20%，TPV 约 15%，EBITDA 增长约 5%），公司为一般企业用途筹集了 6 亿美元（5.9%），以资助在哈萨克斯坦和土耳其的各项计划。</li>
</ul>
</div><h2>Joint Stock Company Kaspi.kz Stock Up 1.9%</h2>
<div class="lb-trans"><h2>卡斯皮股份有限公司股价上涨 1.9%</h2>
</div><p>KSPI stock traded up $1.61 during midday trading on Monday, hitting $87.51. The company's stock had a trading volume of 205,294 shares, compared to its average volume of 533,131. Joint Stock Company Kaspi.kz has a 52-week low of $68.59 and a 52-week high of $99.20. The firm has a market capitalization of $16.65 billion, a P/E ratio of 8.10 and a beta of 0.98. The firm has a 50-day simple moving average of $77.56 and a 200-day simple moving average of $76.66.</p>
<div class="lb-trans"><p>周一午盘交易中，KSPI 股价上涨 1.61 美元，达到 87.51 美元。该公司的交易量为 205,294 股，而其平均交易量为 533,131 股。卡斯皮股份有限公司的 52 周低点为 68.59 美元，52 周高点为 99.20 美元。该公司的市值为 166.5 亿美元，市盈率为 8.10，贝塔值为 0.98。该公司的 50 日简单移动平均线为 77.56 美元，200 日简单移动平均线为 76.66 美元。</p>
</div><h2>Joint Stock Company Kaspi.kz Announces Dividend</h2>
<div class="lb-trans"><h2>卡斯皮股份有限公司宣布分红</h2>
</div><p>The firm also recently declared a dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 16th were given a $1.7595 dividend. The ex-dividend date of this dividend was Thursday, April 16th. Joint Stock Company Kaspi.kz's dividend payout ratio (DPR) is currently 16.39%.</p>
<div class="lb-trans"><p>该公司最近宣布了一项股息，将于 4 月 16 日（星期四）支付。4 月 16 日（星期四）的股东将获得 1.7595 美元的股息。该股息的除息日期为 4 月 16 日（星期四）。卡斯皮股份有限公司的股息支付比率（DPR）目前为 16.39%。</p>
</div><h2>Analyst Upgrades and Downgrades</h2>
<div class="lb-trans"><h2>分析师评级上调与下调</h2>
</div><p>A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Joint Stock Company Kaspi.kz from a &#34;sell (d+)&#34; rating to a &#34;hold (c-)&#34; rating in a research report on Tuesday, April 21st. Susquehanna cut shares of Joint Stock Company Kaspi.kz from a &#34;positive&#34; rating to a &#34;neutral&#34; rating and set a $87.00 price target for the company. in a research report on Monday, February 2nd. Finally, Zacks Research raised shares of Joint Stock Company Kaspi.kz from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Joint Stock Company Kaspi.kz has a consensus rating of &#34;Hold&#34; and an average price target of $96.67.</p>
<div class="lb-trans"><p>一些股票分析师最近对该股进行了评估。Weiss Ratings 在 4 月 21 日的研究报告中将卡斯皮股份有限公司的股票评级从 “卖出（d+）” 上调至 “持有（c-）”。Susquehanna 在 2 月 2 日的研究报告中将卡斯皮股份有限公司的股票评级从 “积极” 下调至 “中性”，并为该公司设定了 87.00 美元的目标价。最后，Zacks Research 在 2 月 2 日的研究报告中将卡斯皮股份有限公司的股票评级从 “强烈卖出” 上调至 “持有”。一位股票研究分析师给予该股 “买入” 评级，四位分析师给予该公司 “持有” 评级。根据 MarketBeat.com 的数据，卡斯皮股份有限公司的共识评级为 “持有”，平均目标价为 96.67 美元。</p>
</div><p><strong>Check Out Our Latest Research Report on Joint Stock Company Kaspi.kz</strong></p>
<div class="lb-trans"><p><strong>查看我们关于卡斯皮股份有限公司的最新研究报告</strong></p>
</div><h2>Hedge Funds Weigh In On Joint Stock Company Kaspi.kz</h2>
<div class="lb-trans"><h2>对卡斯皮股份有限公司的对冲基金看法</h2>
</div><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its position in shares of Joint Stock Company Kaspi.kz by 15.3% during the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company's stock worth $296,000 after purchasing an additional 502 shares during the last quarter. North of South Capital LLP purchased a new stake in shares of Joint Stock Company Kaspi.kz during the 4th quarter worth $1,425,000. Public Employees Retirement System of Ohio lifted its position in shares of Joint Stock Company Kaspi.kz by 16.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company's stock worth $13,057,000 after purchasing an additional 23,500 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Joint Stock Company Kaspi.kz by 21.4% during the 4th quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company's stock worth $14,557,000 after purchasing an additional 32,820 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Joint Stock Company Kaspi.kz by 1,518.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company's stock worth $70,996,000 after purchasing an additional 815,509 shares during the last quarter. Hedge funds and other institutional investors own 32.20% of the company's stock.</p>
<div class="lb-trans"><p>几家对冲基金和其他机构投资者最近增加或减少了对该公司的持股。Advisory Services Network LLC 在第四季度将其在卡斯皮股份有限公司的持股增加了 15.3%。Advisory Services Network LLC 目前拥有该公司 3,787 股股票，价值 296,000 美元，此前在上个季度购买了 502 股。North of South Capital LLP 在第四季度购买了卡斯皮股份有限公司的新股份，价值 1,425,000 美元。俄亥俄州公共雇员退休系统在第四季度将其在卡斯皮股份有限公司的持股增加了 16.4%。俄亥俄州公共雇员退休系统目前拥有该公司 167,125 股股票，价值 13,057,000 美元，此前在上个季度购买了 23,500 股。拉塞尔投资集团在第四季度将其在卡斯皮股份有限公司的持股增加了 21.4%。拉塞尔投资集团目前拥有该公司 186,320 股股票，价值 14,557,000 美元，此前在上个季度购买了 32,820 股。最后，Ameriprise Financial Inc.在第三季度将其在卡斯皮股份有限公司的持股增加了 1,518.9%。Ameriprise Financial Inc.目前拥有该公司 869,201 股股票，价值 70,996,000 美元，此前在上个季度购买了 815,509 股。对冲基金和其他机构投资者持有该公司 32.20% 的股份。</p>
</div><h2>Joint Stock Company Kaspi.kz Company Profile</h2>
<div class="lb-trans"><h2>卡斯皮股份有限公司公司简介</h2>
</div><p>(Get Free Report)</p>
<div class="lb-trans"><p>（获取免费报告）</p>
</div><p>Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.</p>
<div class="lb-trans"><p>卡斯皮股份有限公司是一家总部位于哈萨克斯坦阿拉木图的领先金融科技和电子商务集团。该公司建立了该国最大的数字生态系统之一，提供一系列综合服务，涵盖消费银行、支付、在线市场和商户收购。通过其移动和网络平台，卡斯皮旨在简化哈萨克斯坦个人和企业的日常金融和购物活动。</p>
</div><p>The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.</p>
<div class="lb-trans"><p>该公司的核心产品包括数字银行解决方案，如存款账户、数字钱包和资金转移，以及使得销售点融资和 “先买后付” 购买成为可能的消费贷款产品。</p>
</div><h2>Further Reading</h2>
<div class="lb-trans"><h2>进一步阅读</h2>
</div><ul>
<li>Five stocks we like better than Joint Stock Company Kaspi.kz</li>
<li>Manic Monday.com: The Rally Is Just the Beginning for this SaaS Leader</li>
<li>5 Stocks Positioned to Benefit From the AI Inference Boom</li>
<li>Meta Platforms’ Wild Post-Earnings Swings: Where Analyst Price Targets Stand Now</li>
<li>3 Metals and Mining Stocks Riding the Commodity Supercycle</li>
</ul>
<div class="lb-trans"><ul>
<li>我们更看好的五只股票，而非联合股票公司 Kaspi.kz</li>
<li>疯狂星期一.com：这位 SaaS 领袖的反弹仅仅是个开始</li>
<li>5 只有望受益于人工智能推理热潮的股票</li>
<li>Meta Platforms 在财报后的剧烈波动：分析师的目标价现在在哪里</li>
<li>3 只在商品超级周期中受益的金属和矿业股票</li>
</ul>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9S1NQSQ" alt="" original-src="https://www.marketbeat.com/scripts/EarningsChart.ashx?Prefix=NASDAQ&amp;Symbol=KSPI"/></p>
<p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即时新闻提醒由叙事科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送邮件至 contact@marketbeat.com.</em></p>
</div><h2>Should You Invest $1,000 in Joint Stock Company Kaspi.kz Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1,000 美元在联合股票公司 Kaspi.kz 吗？</h2>
</div><p>Before you consider Joint Stock Company Kaspi.kz, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑联合股票公司 Kaspi.kz 之前，你需要听听这个。</p>
</div><p>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 Joint Stock Company Kaspi.kz wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而联合股票公司 Kaspi.kz 并不在名单上。</p>
</div><p>While Joint Stock Company Kaspi.kz currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然联合股票公司 Kaspi.kz 目前在分析师中被评为持有评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在这里查看这五只股票</p>
</div>

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Posts Earnings Results, Beats Estimates By $0.19 EPS

Kaspi.kz 股份公司（纳斯达克代码：KSPI）公布了财报，每股收益比预期高出 0.19 美元