iQIYI (IQ) to Release Quarterly Earnings on Thursday

iQIYI (NASDAQ:IQ) is scheduled to announce its earnings results before the market opens on Thursday, November 21st. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). iQIYI had a net margin of 5.37% and a return on equity of 14.57%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the business posted $0.05 earnings per share. On average, analysts expect iQIYI to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

iQIYI Trading Up 0.5 %

NASDAQ:IQ opened at $2.09 on Wednesday. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.58 and a beta of 0.08. The business’s 50-day moving average price is $2.46 and its two-hundred day moving average price is $3.29. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. iQIYI has a 1-year low of $1.92 and a 1-year high of $5.80.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IQ. Hsbc Global Res downgraded iQIYI from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 23rd. Nomura Securities raised iQIYI to a “hold” rating in a report on Monday, August 26th. The Goldman Sachs Group cut shares of iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 price objective for the company. in a research report on Tuesday, August 27th. HSBC cut shares of iQIYI from a “hold” rating to a “reduce” rating and lowered their price target for the company from $4.70 to $3.00 in a report on Tuesday, July 23rd. Finally, Benchmark cut iQIYI from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3.45.

About iQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.