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

IQIYI

16/05/2024 14:31

* iQIYI Inc  IQ.OQ  reported quarterly adjusted earnings of
68
fen​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of 64
fen.  The mean expectation of eight analysts for the quarter was
for earnings of 42 cents per share. Wall Street expected
results to range from 41 fen to 42 fen per share.
    * Revenue fell 5% to CNY7.93 billion from a year ago;
analysts
expected CNY7.83 billion. 
    * iQIYI Inc's reported EPS for the quarter was 68 cents​.
    * The company reported quarterly net income of CNY655.32
million.
    * iQIYI Inc shares had risen by 22.0% this quarter and
gained 5.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
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
$5.60 
This summary was machine generated from LSEG data May 16 at
01:31 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
 Mar. 31 2024      0.42           0.68           Beat
 Dec. 31 2023      0.43           0.48           Beat
 Sep. 30 2023      0.47           0.49           Beat
 Jun. 30 2023      0.34           0.37           Beat