$70.16 Million in Sales Expected for Qiwi PLC (QIWI) This Quarter

Equities analysts expect Qiwi PLC (NASDAQ:QIWI) to report $70.16 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Qiwi’s earnings, with the highest sales estimate coming in at $77.40 million and the lowest estimate coming in at $62.91 million. Qiwi posted sales of $71.50 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.9%. The business is scheduled to report its next quarterly earnings results on Wednesday, March 27th.

According to Zacks, analysts expect that Qiwi will report full-year sales of $280.90 million for the current year. For the next year, analysts forecast that the business will post sales of $289.62 million, with estimates ranging from $287.63 million to $291.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Qiwi.

Qiwi (NASDAQ:QIWI) last announced its quarterly earnings data on Wednesday, November 14th. The credit services provider reported $18.99 earnings per share for the quarter, beating the consensus estimate of $0.18 by $18.81. Qiwi had a net margin of 11.52% and a return on equity of 14.40%. The firm had revenue of $5.23 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the prior year, the business earned $17.38 earnings per share. The business’s quarterly revenue was up 61.5% compared to the same quarter last year.

QIWI has been the topic of a number of analyst reports. ValuEngine upgraded shares of Qiwi from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 22nd. Zacks Investment Research lowered shares of Qiwi from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. UBS Group lowered their target price on shares of Qiwi from $24.50 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 24th. Finally, BidaskClub lowered shares of Qiwi from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $17.33.

Several institutional investors and hedge funds have recently bought and sold shares of QIWI. Russell Investments Group Ltd. acquired a new stake in shares of Qiwi in the 3rd quarter worth about $116,000. Jane Street Group LLC acquired a new stake in shares of Qiwi in the 3rd quarter worth about $133,000. Engineers Gate Manager LP acquired a new stake in shares of Qiwi in the 2nd quarter worth about $158,000. Stevens Capital Management LP acquired a new stake in shares of Qiwi in the 3rd quarter worth about $168,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of Qiwi in the 2nd quarter worth about $359,000. Institutional investors own 29.74% of the company’s stock.

Shares of NASDAQ QIWI traded down $0.20 during trading on Friday, hitting $14.28. 57,400 shares of the company traded hands, compared to its average volume of 254,419. Qiwi has a fifty-two week low of $11.61 and a fifty-two week high of $20.05. The firm has a market capitalization of $650.18 million, a P/E ratio of 13.73 and a beta of 2.31.

About Qiwi

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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Earnings History and Estimates for Qiwi (NASDAQ:QIWI)

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