iQIYI (IQ) to Release Quarterly Earnings on Thursday

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

iQIYI (NASDAQ:IQ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. iQIYI had a net margin of 5.37% and a return on equity of 14.57%. During the same period last year, the firm 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 Price Performance

IQ stock opened at $2.08 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.53 and a quick ratio of 0.53. The company’s 50-day moving average is $2.46 and its 200-day moving average is $3.31. The stock has a market capitalization of $2.00 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 0.58 and a beta of 0.08. iQIYI has a 1 year low of $1.92 and a 1 year high of $5.80.

Analysts Set New Price Targets

IQ has been the subject of a number of research reports. Benchmark cut iQIYI from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. reduced their price target on shares of iQIYI from $5.00 to $3.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Nomura Securities upgraded shares of iQIYI to a “hold” rating in a report on Monday, August 26th. Hsbc Global Res cut shares of iQIYI from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 23rd. Finally, HSBC downgraded shares of iQIYI from a “hold” rating to a “reduce” rating and decreased their target price for the stock from $4.70 to $3.00 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.