-$0.45 EPS Expected for IQIYI Inc (NASDAQ:IQ) This Quarter

Equities research analysts expect that IQIYI Inc (NASDAQ:IQ) will post earnings per share of ($0.45) for the current quarter, Zacks reports. Three analysts have issued estimates for IQIYI’s earnings. The highest EPS estimate is ($0.43) and the lowest is ($0.47). IQIYI posted earnings of ($0.49) per share in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The firm is expected to announce its next quarterly earnings results 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 financial year, analysts forecast that the firm will post earnings of ($0.68) per share, with EPS estimates ranging from ($1.13) to $0.06. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for IQIYI.

IQIYI (NASDAQ:IQ) last announced its quarterly earnings results on Monday, May 18th. The company reported ($3.92) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($3.43). IQIYI had a negative net margin of 38.37% and a negative return on equity of 102.31%. The company had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the firm earned ($1.97) EPS. IQIYI’s quarterly revenue was up 8.7% compared to the same quarter last year.

Several equities analysts have issued reports on the company. UBS Group assumed coverage on IQIYI in a research report on Monday, April 13th. They issued an “outperform” rating and a $23.00 price objective for the company. Oppenheimer downgraded 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. BidaskClub upgraded IQIYI from a “hold” rating to a “buy” rating in a research report on Tuesday, June 16th. ValuEngine downgraded IQIYI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 17th. Finally, Zacks Investment Research upgraded IQIYI from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Saturday, May 2nd. One investment 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. IQIYI currently has an average rating of “Hold” and an average price target of $22.20.

A number of large investors have recently bought and sold shares of the business. APG Asset Management N.V. acquired a new position in IQIYI in the first quarter valued at about $568,000. Old Well Partners LLC grew its stake in IQIYI by 3.9% in the first quarter. Old Well Partners LLC now owns 412,600 shares of the company’s stock valued at $7,344,000 after acquiring an additional 15,400 shares during the period. Twinbeech Capital LP acquired a new position in IQIYI in the first quarter valued at about $943,000. Advisor Group Holdings Inc. acquired a new position in IQIYI in the first quarter valued at about $2,152,000. Finally, Engineers Gate Manager LP grew its stake in IQIYI by 475.0% in the first quarter. Engineers Gate Manager LP now owns 101,197 shares of the company’s stock valued at $1,801,000 after acquiring an additional 83,597 shares during the period. 25.91% of the stock is owned by hedge funds and other institutional investors.

IQ traded up $0.68 during trading on Wednesday, hitting $23.40. The company’s stock had a trading volume of 184,110 shares, compared to its average volume of 12,834,230. The firm’s 50 day moving average price is $18.63 and its two-hundred day moving average price is $20.45. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.86. IQIYI has a 12 month low of $14.51 and a 12 month high of $27.50. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of -10.34 and a beta of 1.63.

IQIYI Company Profile

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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