iQIYI (IQ) Projected to Post Quarterly Earnings on Tuesday

iQIYI (NASDAQ:IQ) is expected to post its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect iQIYI to post earnings of ($0.04) per share and revenue of $6.62 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. iQIYI had a net margin of 4.69% and a return on equity of 13.26%. During the same quarter in the prior year, the business posted $0.07 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 Price Performance

Shares of iQIYI stock opened at $2.40 on Tuesday. The stock has a market cap of $2.30 billion, a P/E ratio of 12.00, a P/E/G ratio of 3.76 and a beta of 0.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. The stock’s fifty day moving average is $2.11 and its 200 day moving average is $2.39. iQIYI has a one year low of $1.82 and a one year high of $5.80.

Wall Street Analyst Weigh In

IQ has been the topic of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of iQIYI in a research report on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a report on Friday, November 22nd. Citigroup reduced their price objective on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating for the company in a research note on Thursday, January 16th. HSBC upgraded shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price on the stock in a research note on Thursday, January 16th. Finally, OTR Global reiterated a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.91.

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.