iQIYI (IQ) Scheduled to Post Quarterly Earnings on Thursday

iQIYI (NASDAQ:IQ) will issue its quarterly earnings data before the market opens on Thursday, May 16th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. On average, analysts expect iQIYI to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

iQIYI Stock Performance

IQ stock opened at $4.91 on Thursday. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 22.32 and a beta of 0.23. The firm has a 50 day moving average of $4.30 and a two-hundred day moving average of $4.31. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.68. iQIYI has a 12 month low of $3.06 and a 12 month high of $6.47.

Wall Street Analysts Forecast Growth

Separately, OTR Global reaffirmed a “mixed” rating on shares of iQIYI in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $6.54.

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.