iQIYI (IQ) to Release Earnings on Thursday

iQIYI (NASDAQ:IQ - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, November 21st. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

iQIYI (NASDAQ:IQ - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.05). iQIYI had a net margin of 5.37% and a return on equity of 14.57%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.05 EPS. 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 2.8 %

NASDAQ:IQ traded up $0.06 during mid-day trading on Thursday, reaching $2.20. The company's stock had a trading volume of 12,338,392 shares, compared to its average volume of 11,599,899. The company's fifty day simple moving average is $2.45 and its two-hundred day simple moving average is $3.36. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.53 and a quick ratio of 0.53. iQIYI has a twelve month low of $1.92 and a twelve month high of $5.80. The stock has a market cap of $2.11 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.59 and a beta of 0.08.

Analysts Set New Price Targets

Several research firms have issued reports on IQ. HSBC downgraded iQIYI from a "hold" rating to a "reduce" rating and dropped their price objective for the stock from $4.70 to $3.00 in a report on Tuesday, July 23rd. Benchmark lowered iQIYI from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd. Nomura Securities upgraded iQIYI to a "hold" rating in a research report on Monday, August 26th. The Goldman Sachs Group downgraded iQIYI from a "buy" rating to a "neutral" rating and set a $2.80 price objective on the stock. in a research note on Tuesday, August 27th. Finally, Hsbc Global Res lowered iQIYI from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.