iQIYI Inc reports results for the quarter ended in December - Earnings Summary

IQIYI

28/02/2024 17:07

* iQIYI Inc  IQ.OQ  reported quarterly adjusted earnings of
48
fen​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 35
fen.  The mean expectation of ten analysts for the quarter was
for earnings of 43 fen per share. Wall Street expected
results to range from 25 fen to 50 fen per share.
    * Revenue rose 1.5% to CNY7.71 billion from a year ago;
analysts
expected CNY7.69 billion. 
    * iQIYI Inc's reported EPS for the quarter was 48 fen​.
    * The company reported quarterly net income of CNY466.23
million.
    * iQIYI Inc shares had fallen by 24.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for iQIYI Inc is
$6.00 
This summary was machine generated from LSEG data February 28 at
05:06 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.43           0.48           Beat
 Sep. 30 2023      0.47           0.49           Beat
 Jun. 30 2023      0.34           0.37           Beat
 Mar. 31 2023      0.44           0.64           Beat