iQIYI (IQ) Scheduled to Post Earnings on Thursday

iQIYI (NASDAQ:IQ) is set 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. Individual that are interested in registering for the company’s earnings 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). The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. iQIYI had a return on equity of 14.57% and a net margin of 5.37%. During the same quarter in the previous year, the company posted $0.05 EPS. On average, analysts expect iQIYI to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

iQIYI Stock Up 0.5 %

Shares of IQ opened at $2.09 on Wednesday. The business’s 50 day moving average is $2.46 and its 200 day moving average 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 12-month low of $1.92 and a 12-month high of $5.80. The company has a market capitalization of $2.01 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.58 and a beta of 0.08.

Analysts Set New Price Targets

A number of analysts recently weighed in on IQ shares. The Goldman Sachs Group lowered shares of iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 price objective on the stock. 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 objective for the company from $4.70 to $3.00 in a research report on Tuesday, July 23rd. Benchmark lowered iQIYI from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Nomura Securities raised iQIYI to a “hold” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. cut their price target on iQIYI from $5.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.