iQIYI (IQ) Scheduled to Post Earnings on Thursday

iQIYI (NASDAQ:IQ) will be releasing its earnings data before the market opens on Thursday, November 21st. Analysts expect iQIYI to post earnings of $0.04 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.01 earnings per share (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 business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business earned $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 Down 2.7 %

Shares of NASDAQ IQ opened at $2.14 on Thursday. iQIYI has a 1 year low of $1.92 and a 1 year high of $5.80. The stock has a market cap of $2.05 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 0.59 and a beta of 0.08. The firm has a 50-day moving average of $2.45 and a 200 day moving average of $3.36. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.53 and a quick ratio of 0.53.

Analysts Set New Price Targets

IQ has been the topic of several analyst reports. Benchmark downgraded shares of iQIYI from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Nomura Securities upgraded shares of iQIYI to a “hold” rating in a research note on Monday, August 26th. HSBC downgraded shares of iQIYI from a “hold” rating to a “reduce” rating and dropped their target price for the stock from $4.70 to $3.00 in a research note on Tuesday, July 23rd. The Goldman Sachs Group downgraded shares of iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 target price on the stock. in a research note on Tuesday, August 27th. Finally, Hsbc Global Res downgraded shares of iQIYI from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, iQIYI presently has a consensus rating of “Hold” and an average target price of $3.45.

iQIYI Company Profile

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.