-$0.28 EPS Expected for iQIYI, Inc. (NASDAQ:IQ) This Quarter

Wall Street brokerages expect iQIYI, Inc. (NASDAQ:IQ) to report earnings per share of ($0.28) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for iQIYI’s earnings. The highest EPS estimate is ($0.24) and the lowest is ($0.32). iQIYI posted earnings of ($0.56) per share in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The business is expected to report its next earnings results on Monday, May 17th.

On average, analysts expect that iQIYI will report full-year earnings of ($0.79) per share for the current year, with EPS estimates ranging from ($0.81) to ($0.75). For the next financial year, analysts forecast that the company will report earnings of ($0.24) per share, with EPS estimates ranging from ($0.33) to ($0.09). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for iQIYI.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings data on Wednesday, February 17th. The company reported ($2.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.38) by ($1.72). iQIYI had a negative net margin of 26.76% and a negative return on equity of 111.91%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion.

A number of analysts have recently issued reports on the stock. Credit Suisse Group lowered shares of iQIYI from a “neutral” rating to an “underperform” rating and set a $16.70 target price for the company. in a research note on Tuesday, January 19th. HSBC lowered shares of iQIYI from a “buy” rating to a “hold” rating and set a $21.60 target price for the company. in a research note on Wednesday, January 13th. National Securities reissued a “buy” rating and set a $23.20 target price on shares of iQIYI in a research note on Thursday, December 24th. New Street Research raised shares of iQIYI from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, January 5th. Finally, KeyCorp raised shares of iQIYI from a “sector weight” rating to an “overweight” rating and set a $30.00 price objective for the company in a research note on Monday, March 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. iQIYI currently has an average rating of “Hold” and a consensus price target of $21.45.

Several institutional investors and hedge funds have recently bought and sold shares of IQ. Mizuho Markets Americas LLC acquired a new position in shares of iQIYI during the fourth quarter valued at about $70,264,000. Norges Bank acquired a new position in iQIYI in the 4th quarter worth approximately $46,774,000. TORQ CAPITAL MANAGEMENT HK Ltd acquired a new position in iQIYI in the 4th quarter worth approximately $17,480,000. Artal Group S.A. acquired a new position in iQIYI in the 4th quarter worth approximately $14,858,000. Finally, Baillie Gifford & Co. increased its holdings in iQIYI by 58.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,809,256 shares of the company’s stock worth $31,627,000 after buying an additional 667,046 shares during the period. Hedge funds and other institutional investors own 30.81% of the company’s stock.

IQ stock traded down $0.30 during mid-day trading on Friday, reaching $17.30. 220,653 shares of the stock traded hands, compared to its average volume of 17,460,678. The stock has a market capitalization of $13.56 billion, a PE ratio of -11.18 and a beta of 1.06. iQIYI has a one year low of $14.60 and a one year high of $28.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.76 and a current ratio of 0.76. The business has a 50-day moving average price of $23.71 and a two-hundred day moving average price of $22.58.

About iQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People's Republic of China. The company offers internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform. 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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