iQIYI Inc expected to post earnings of 2 cents a share - Earnings Preview

IQIYI

20/08/2024 16:18

* iQIYI Inc  IQ.OQ   IQ.O  is expected to show a fall in
quarterly
revenue when it reports  results on August 22 for the period
ending June 30 2024
    * The Beijing-based  company is expected to report a
5.0% decrease
in revenue to $7.415 billion from $7.8 billion a year ago,
according to the mean estimate from 14 analysts, based on LSEG
data.
    * ​LSEG's mean analyst estimate for iQIYI Inc is for
earnings of 2
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for iQIYI Inc
is
$4.40​, above​ its last closing price of $3.31. ​​​

Previous quarterly performance (using preferred earnings measure
in Chinese yuan renminbi). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.42        0.42       0.68      Beat    62.9
 Jan. 1 2024   0.41        0.43       0.48      Beat    12.7
 Jan. 1 0001   0.47        0.47       0.49      Beat    5.2​
 Jun. 30 2023  0.34        0.35       0.37      Beat    5.1
 ​​Mar.        0.43        0.44       0.64      Beat    44.8
 31 2023                                                
 Dec. 31 2022  0.23        0.12       0.35      Beat    195.8​
 Sep. 30 2022  -0.10       -0.09      -0.46     Missed  -384.2
 Jun. 30 2022  -0.41       -0.42      -0.28     Beat    33.1
 This summary was machine generated August 20 at 15:18 GMT.  All
figures in Chinese yuan renminbi unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)