-$0.45 Earnings Per Share Expected for IQIYI Inc (NASDAQ:IQ) This Quarter

Analysts expect IQIYI Inc (NASDAQ:IQ) to announce ($0.45) earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for IQIYI’s earnings, with the highest EPS estimate coming in at ($0.43) and the lowest estimate coming in at ($0.47). IQIYI posted earnings of ($0.49) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.2%. The company is scheduled to issue its next earnings report on Monday, August 17th.

According to Zacks, analysts expect that IQIYI will report full-year earnings of ($1.65) per share for the current financial year, with EPS estimates ranging from ($1.86) to ($1.50). For the next fiscal year, analysts expect that the company will report earnings of ($0.68) per share, with EPS estimates ranging from ($1.13) to $0.06. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover IQIYI.

IQIYI (NASDAQ:IQ) last issued its quarterly earnings data on Monday, May 18th. The company reported ($3.92) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($3.43). IQIYI had a negative return on equity of 102.31% and a negative net margin of 38.37%. The business had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the business posted ($1.97) earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis.

A number of research analysts have recently commented on IQ shares. BidaskClub raised shares of IQIYI from a “hold” rating to a “buy” rating in a research report on Tuesday, June 16th. Zacks Investment Research upgraded IQIYI from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Saturday, May 2nd. UBS Group began coverage on IQIYI in a report on Monday, April 13th. They set an “outperform” rating and a $23.00 price target on the stock. Oppenheimer cut IQIYI from an “outperform” rating to a “market perform” rating and set a $23.00 target price for the company. in a research report on Thursday. Finally, HSBC lowered their target price on IQIYI from $32.00 to $23.00 in a research note on Wednesday, May 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.20.

Shares of NASDAQ IQ traded up $0.68 during midday trading on Wednesday, reaching $23.40. 184,110 shares of the stock were exchanged, compared to its average volume of 12,834,230. IQIYI has a 52-week low of $14.51 and a 52-week high of $27.50. The stock has a 50 day moving average price of $18.63 and a 200-day moving average price of $20.45. The company has a market capitalization of $16.54 billion, a P/E ratio of -10.34 and a beta of 1.63. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of IQIYI by 2.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,407 shares of the company’s stock valued at $773,000 after acquiring an additional 1,156 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of IQIYI by 25.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,000 shares of the company’s stock valued at $127,000 after acquiring an additional 1,200 shares in the last quarter. Verus Capital Partners LLC purchased a new position in IQIYI during the fourth quarter valued at approximately $28,000. Highland Capital Management LLC increased its holdings in IQIYI by 7.3% during the first quarter. Highland Capital Management LLC now owns 19,950 shares of the company’s stock valued at $355,000 after buying an additional 1,350 shares during the period. Finally, US Bancorp DE grew its holdings in IQIYI by 2,538.2% in the fourth quarter. US Bancorp DE now owns 1,451 shares of the company’s stock worth $31,000 after purchasing an additional 1,396 shares during the last quarter. 25.91% of the stock is currently owned by hedge funds and other institutional investors.

About IQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.

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Earnings History and Estimates for IQIYI (NASDAQ:IQ)

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