iQIYI Inc IQ.OQ reported a quarterly adjusted loss of 14 fen per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 7 fen. The mean expectation of ten analysts for the quarter was for a loss of 23 fen per share. Wall Street expected results to range from -30 fen to -16 fen per share.
Revenue fell 10.9% to CNY6.63 billion from a year ago; analysts expected CNY6.61 billion.
iQIYI Inc's reported EPS for the quarter was a loss of 14 fen.
The company reported a quarterly loss of CNY133.71 million.
iQIYI Inc shares had risen by 28.8% this quarter and gained 13.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 127.6% 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 8 "strong buy" or "buy," 12 "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 $2.00, about 14% below its last closing price of $2.28
This summary was machine generated from LSEG data August 20 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)