How did JFIN's earnings surprise in Q3 2023 compare to past quarters?

Jiayin Group's (JFIN) earnings performance in Q3 2023 showed a significant increase in net revenue and net income compared to the previous quarter, Q2 2023, but the surprise was less than that in the preceding quarters.

1. **Q3 2023 Earnings Performance**:
- JFIN reported a net income of approximately RMB 326.3 million for Q2 2023, which is a 28.6% increase from the same period the previous year.
- The net revenue for Q2 2023 was RMB 1,277.8 million, marking a 57.4% growth year-over-year.
2. **Comparison with Q2 2023**:
- The net income in Q3 2023 was lower than the 93.4% increase in net income from Q1 2023, which amounted to RMB 279.7 million, and the 335.7% increase in net income from Q4 2022, which was RMB 533.7 million.
- The net revenue in Q3 2023 was also lower than the 119.5% increase in net revenue from Q1 2023, which reached RMB 1,122.2 million, and the 83.7% increase from Q4 2022, which was RMB 3,271.4 million.
3. **Earnings Surprise**:
- The earnings surprise, which typically measures the difference between the actual earnings per share (EPS) and the estimated EPS, is not available for JFIN's Q3 2023 report. However, the company's consistent growth in net income and revenue indicates a strong financial performance.
4. **Overall Trend**:
- JFIN has demonstrated robust growth in its financial metrics, with loan origination volumes and net income showing substantial increases across multiple quarters. This trend suggests a strong operational performance and market presence for the company.

In conclusion, while JFIN's Q3 2023 earnings were impressive, the surprise was less than that of the immediate previous quarters, indicating a more moderate growth phase after a period of rapid expansion.