IQIYI (NASDAQ:IQ) issued its quarterly earnings results on Thursday. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.17, Morningstar.com reports. IQIYI had a negative net margin of 36.00% and a negative return on equity of 74.57%. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.89 billion. During the same period in the previous year, the business posted ($0.31) earnings per share. The business’s revenue was up 43.0% compared to the same quarter last year. IQIYI updated its Q2 2019 guidance to EPS.
Shares of IQ opened at $19.44 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. IQIYI has a twelve month low of $14.35 and a twelve month high of $46.23. The stock has a market cap of $14.67 billion, a price-to-earnings ratio of -7.87 and a beta of 3.24.
A number of research analysts have recently issued reports on IQ shares. New Street Research upgraded shares of IQIYI from a “neutral” rating to a “buy” rating in a research note on Friday, February 22nd. ValuEngine upgraded shares of IQIYI from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research lowered shares of IQIYI from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Tigress Financial started coverage on shares of IQIYI in a research note on Friday, March 15th. They set a “buy” rating on the stock. Finally, China Renaissance Securities set a $28.00 price target on shares of IQIYI and gave the stock a “buy” rating in a research note on Thursday, January 17th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. IQIYI presently has an average rating of “Buy” and an average target price of $29.33.
IQIYI Company Profile
iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.
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