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.
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.
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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