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

IQIYI

21/11/2023 14:31

* iQIYI Inc  IQ.OQ  reported quarterly adjusted earnings of
5
fen​​ per share for the quarter ended in September, higher than
the same quarter last year, when the company reported EPS of -46
fen.  The mean expectation of twelve analysts for the quarter
was for earnings of 47 fen per share. Wall Street expected
results to range from 45 fen to 49 fen per share.
    * Revenue rose 7.3% to CNY8.02 billion from a year ago;
analysts
expected CNY8.01 billion. 
    * The company reported quarterly net income of CNY475.92
million.
    * iQIYI Inc shares had risen by 10.3% this quarter and
lost 1.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.7%
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 18 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for iQIYI Inc
is
$7.00 

This summary was machine generated from LSEG data November 21 at
02:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.47           0.05           Missed
 Jun. 30 2023      0.34           0.37           Beat
 Mar. 31 2023      0.44           0.64           Beat
 Dec. 31 2022      0.12           0.35           Beat