iQIYI Inc reports results for the quarter ended September 30 - Earnings Summary

IQIYI

21/11/2024 14:31

* iQIYI Inc  IQ.OQ  reported quarterly adjusted earnings of
24
fen​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 49
fen.  The mean expectation of eleven analysts for the quarter
was for earnings of 10 fen per share. Wall Street expected
results to range from -18 fen to 23 fen per share.
    * Revenue fell 9.6% to CNY7.25 billion from a year ago;
analysts
expected CNY7.24 billion. 
    * iQIYI Inc's reported EPS for the quarter was 24 fen​.
    * The company reported quarterly net income of CNY229.41
million.
    * iQIYI Inc shares had fallen by 23.8% this quarter and
lost 55.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 201.5%
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 13 "strong buy" or "buy," 10
"hold" and 1 "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
$3.25 
This summary was machine generated from LSEG data November 21 at
02:31 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
 Sep. 30 2024      0.10           0.24           Beat
 Jun. 30 2024      0.02           0.07           Beat
 Mar. 31 2024      0.42           0.68           Beat
 Dec. 31 2023      0.43           0.48           Beat