-$0.14 EPS Expected for iQIYI, Inc. (NASDAQ:IQ) This Quarter

Equities research analysts expect iQIYI, Inc. (NASDAQ:IQGet Rating) to report earnings per share (EPS) of ($0.14) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for iQIYI’s earnings, with estimates ranging from ($0.14) to ($0.13). iQIYI reported earnings per share of ($0.25) during the same quarter last year, which indicates a positive year over year growth rate of 44%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that iQIYI will report full year earnings of ($0.36) per share for the current fiscal year, with EPS estimates ranging from ($0.44) to ($0.28). For the next financial year, analysts forecast that the firm will report earnings of $0.07 per share, with EPS estimates ranging from ($0.04) to $0.18. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for iQIYI.

IQ has been the topic of several analyst reports. HSBC dropped their price target on shares of iQIYI from $8.10 to $4.80 in a research note on Friday, January 14th. Benchmark assumed coverage on shares of iQIYI in a research report on Tuesday, December 28th. They issued a “hold” rating for the company. Zacks Investment Research downgraded shares of iQIYI from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. JPMorgan Chase & Co. downgraded shares of iQIYI from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $8.00 to $2.00 in a report on Monday, March 14th. Finally, The Goldman Sachs Group began coverage on shares of iQIYI in a research report on Sunday. They issued a “hold” rating and a $6.20 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.51.

IQ traded up $0.12 during trading on Friday, hitting $4.37. The company’s stock had a trading volume of 584,150 shares, compared to its average volume of 20,794,268. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.51 and a quick ratio of 0.51. iQIYI has a twelve month low of $1.86 and a twelve month high of $16.83. The firm’s 50 day moving average price is $4.18 and its 200-day moving average price is $5.59. The stock has a market cap of $3.42 billion, a PE ratio of -3.65 and a beta of 0.80.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC grew its holdings in iQIYI by 107.5% during the second quarter. Parametric Portfolio Associates LLC now owns 140,464 shares of the company’s stock valued at $2,188,000 after purchasing an additional 72,764 shares during the period. Bank of America Corp DE grew its holdings in iQIYI by 66.7% during the second quarter. Bank of America Corp DE now owns 19,893,696 shares of the company’s stock valued at $309,943,000 after purchasing an additional 7,957,425 shares during the period. West Family Investments Inc. acquired a new position in iQIYI during the third quarter valued at approximately $141,000. Fisher Asset Management LLC grew its holdings in iQIYI by 4.6% during the third quarter. Fisher Asset Management LLC now owns 67,088 shares of the company’s stock valued at $539,000 after purchasing an additional 2,978 shares during the period. Finally, Signaturefd LLC grew its holdings in iQIYI by 282.0% during the third quarter. Signaturefd LLC now owns 5,639 shares of the company’s stock valued at $45,000 after purchasing an additional 4,163 shares during the period. 30.63% of the stock is owned by institutional investors and hedge funds.

iQIYI Company Profile (Get Rating)

iQIYI, Inc engages in the provision of internet video streaming services. It operates a smart television streaming service and an entertainment-based social media platform, iQIYI Paopao. The firm also also distribute video content through third-party platforms. The company was founded by Yu Gong in November 2009 and is headquartered in Haidan District, China.

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Earnings History and Estimates for iQIYI (NASDAQ:IQ)

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