-$0.60 Earnings Per Share Expected for IQIYI Inc (NASDAQ:IQ) This Quarter

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Equities analysts expect IQIYI Inc (NASDAQ:IQ) to post ($0.60) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for IQIYI’s earnings, with estimates ranging from ($0.64) to ($0.56). IQIYI reported earnings per share of ($0.70) in the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The company is expected to report its next quarterly earnings report on Thursday, February 20th.

On average, analysts expect that IQIYI will report full year earnings of ($2.11) per share for the current financial year, with EPS estimates ranging from ($2.20) to ($2.03). For the next year, analysts anticipate that the firm will report earnings of ($1.22) per share, with EPS estimates ranging from ($1.38) to ($0.97). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for IQIYI.

IQIYI (NASDAQ:IQ) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($5.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($4.30). IQIYI had a negative return on equity of 60.21% and a negative net margin of 38.28%. The company had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the firm earned ($0.62) earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year.

Several analysts recently issued reports on IQ shares. ValuEngine lowered shares of IQIYI from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Zacks Investment Research upgraded shares of IQIYI from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. China Renaissance Securities restated a “hold” rating on shares of IQIYI in a research report on Tuesday, August 20th. Credit Suisse Group lowered shares of IQIYI from an “outperform” rating to a “neutral” rating in a research report on Tuesday, August 20th. Finally, CLSA lowered shares of IQIYI from an “outperform” rating to an “underperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.40.

A number of large investors have recently modified their holdings of the business. Hillhouse Capital Management LTD. lifted its holdings in IQIYI by 4.6% during the second quarter. Hillhouse Capital Management LTD. now owns 36,006,170 shares of the company’s stock valued at $743,527,000 after purchasing an additional 1,571,100 shares in the last quarter. Hillhouse Capital Advisors LTD. lifted its holdings in IQIYI by 15.5% during the second quarter. Hillhouse Capital Advisors LTD. now owns 14,510,018 shares of the company’s stock valued at $299,632,000 after purchasing an additional 1,952,530 shares in the last quarter. Morgan Stanley lifted its holdings in IQIYI by 77.6% during the second quarter. Morgan Stanley now owns 13,583,901 shares of the company’s stock valued at $280,508,000 after purchasing an additional 5,934,451 shares in the last quarter. Bank of America Corp DE lifted its holdings in IQIYI by 852.6% during the second quarter. Bank of America Corp DE now owns 8,193,215 shares of the company’s stock valued at $169,191,000 after purchasing an additional 7,333,157 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in IQIYI by 34.5% during the second quarter. BlackRock Inc. now owns 8,151,127 shares of the company’s stock valued at $168,321,000 after purchasing an additional 2,091,228 shares in the last quarter. 23.44% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ IQ traded down $0.37 during trading hours on Friday, hitting $19.15. 6,393,881 shares of the company’s stock traded hands, compared to its average volume of 8,366,715. The business’s fifty day moving average price is $17.03 and its two-hundred day moving average price is $18.52. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $12.90 billion, a P/E ratio of -7.75 and a beta of 2.93. IQIYI has a 52 week low of $14.35 and a 52 week high of $29.18.

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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