Qutoutiao (NASDAQ:QTT) Issues Earnings Results, Misses Estimates By $1.54 EPS

Qutoutiao (NASDAQ:QTT) announced its earnings results on Wednesday. The company reported ($1.86) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($1.54), Briefing.com reports. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Qutoutiao had a negative return on equity of 380.12% and a negative net margin of 48.30%. The firm’s revenue was up 25.0% on a year-over-year basis. Qutoutiao updated its Q1 2020
Pre-Market guidance to EPS.

Shares of Qutoutiao stock traded down $0.30 during trading hours on Thursday, reaching $3.80. 24,667 shares of the company’s stock were exchanged, compared to its average volume of 2,992,713. The company has a 50 day moving average of $5.09 and a two-hundred day moving average of $3.99. Qutoutiao has a fifty-two week low of $2.56 and a fifty-two week high of $15.50. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 2.47. The stock has a market cap of $1.21 billion, a P/E ratio of -2.60 and a beta of 0.03.

A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of Qutoutiao from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 6th. Zacks Investment Research raised shares of Qutoutiao from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Saturday, February 29th. BidaskClub lowered shares of Qutoutiao from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group began coverage on shares of Qutoutiao in a research note on Thursday, December 5th. They issued a “buy” rating and a $3.70 target price for the company. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $7.90.

Qutoutiao Company Profile

Qutoutiao Inc operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos.

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Earnings History for Qutoutiao (NASDAQ:QTT)

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