iQIYI (IQ) to Release Earnings on Tuesday

iQIYI (NASDAQ:IQ) will likely be releasing its earnings data 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 are interested in registering for the company’s conference call can do so using this link.

iQIYI (NASDAQ:IQ) last released its quarterly earnings results on Thursday, November 21st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. During the same period last year, the company earned $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 Trading Up 0.8 %

Shares of IQ stock opened at $2.40 on Tuesday. The company has a market cap of $2.30 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.03. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.45 and a quick ratio of 0.45. The stock’s 50 day simple moving average is $2.11 and its two-hundred day simple moving average is $2.39. iQIYI has a 1 year low of $1.82 and a 1 year high of $5.80.

Analyst Ratings Changes

A number of analysts recently issued reports on IQ shares. Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lowered their target price on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a report on Friday, November 22nd. HSBC upgraded shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 price target on the stock in a report on Thursday, January 16th. Citigroup decreased 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. Finally, OTR Global reaffirmed a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2.91.

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.