Qiwi (QIWI) Announces Quarterly Earnings Results

Qiwi (NASDAQ:QIWI) released its earnings results on Thursday. The credit services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.14, MarketWatch Earnings reports. The firm had revenue of $82.90 million for the quarter. Qiwi had a return on equity of 17.23% and a net margin of 12.20%. Qiwi updated its FY 2019 guidance to EPS.

Shares of Qiwi stock opened at $15.72 on Friday. Qiwi has a 12-month low of $11.61 and a 12-month high of $19.29. The company has a market cap of $974.29 million, a PE ratio of 16.38 and a beta of 1.52.

QIWI has been the topic of several research reports. Zacks Investment Research upgraded Qiwi from a “strong sell” rating to a “hold” rating in a research note on Friday, January 25th. BidaskClub upgraded Qiwi from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 2nd. ValuEngine upgraded Qiwi from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. JPMorgan Chase & Co. cut Qiwi from an “overweight” rating to a “neutral” rating and cut their target price for the company from $25.00 to $19.00 in a research note on Wednesday, February 13th. Finally, TheStreet upgraded Qiwi from a “c+” rating to a “b-” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.00.

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About Qiwi

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

Further Reading: Return on Investment (ROI) Defined, Explained

Earnings History for Qiwi (NASDAQ:QIWI)

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