iQIYI (IQ) Expected to Announce Earnings on Tuesday

iQIYI (NASDAQ:IQ - Get Free Report) is projected to release its Q4 2024 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. Persons interested in participating in the company's earnings conference call can do so using this link.

iQIYI (NASDAQ:IQ - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $919.56 million during the quarter, compared to analysts' expectations of $6.62 billion. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. On average, analysts expect iQIYI to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

iQIYI Stock Up 4.5 %

Shares of iQIYI stock traded up $0.11 during trading on Wednesday, hitting $2.42. 23,530,342 shares of the stock traded hands, compared to its average volume of 25,828,766. iQIYI has a 52-week low of $1.82 and a 52-week high of $5.80. The stock's fifty day simple moving average is $2.13 and its 200 day simple moving average is $2.36. The firm has a market cap of $2.32 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 4.10 and a beta of 0.03. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65.

Analysts Set New Price Targets

Several brokerages have issued reports on IQ. Citigroup dropped their target price on iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a research report on Thursday, January 16th. HSBC raised iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced 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 Global Res upgraded shares of iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. Finally, Benchmark reiterated a "hold" rating on shares of iQIYI in a research note on Wednesday. One equities research 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 stock presently has a consensus rating of "Hold" and an average price target 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.