iQIYI (IQ) Expected to Announce Earnings on Tuesday

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

iQIYI (NASDAQ:IQ) last released 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 return on equity of 13.26% and a net margin of 4.69%. During the same quarter in the previous year, the firm earned $0.07 EPS. 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

NASDAQ:IQ opened at $2.54 on Monday. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.70, a PEG 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. iQIYI has a 52 week low of $1.82 and a 52 week high of $5.80. The company has a 50-day moving average of $2.13 and a 200-day moving average of $2.36.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IQ. Benchmark reissued a “hold” rating on shares of iQIYI in a report on Friday, January 24th. HSBC raised iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price for the company in a research note on Thursday, January 16th. OTR Global reissued a “negative” rating on shares of iQIYI in a research note on Wednesday, January 8th. Hsbc Global Res upgraded iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. Finally, Citigroup cut their target price on shares of iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, iQIYI presently has an average 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.