Market Overview

Earnings Outlook for iQIYI

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On Thursday, August 13, iQIYI (NASDAQ: IQ) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings and Revenue

Wall Street expects an EPS loss of $0.5 and sales around $1.06 billion. iQIYI reported EPS of $-0.49 when it published results during the same quarter last year. Sales in that period totaled $1.00 billion. If the company were to report in-line earnings when it publishes results Thursday, quarterly profit would be down 2.04%. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.56 -0.64 -0.72 -0.44
EPS Actual -0.56 -0.49 -0.70 -0.49
Revenue Estimate 1.03 B 993.53 M 1.02 B 1.02 B
Revenue Actual 1.10 B 1.10 B 1.00 B 1.00 B

Stock Performance

For a full 12 months, the return has risen by 32.06%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Don't be surprised to see the stock move on comments made during its conference call. iQIYI is scheduled to hold the call at 20:00:00 ET and can be accessed here: https://apac.directeventreg.com/der/toRegistration.action

 

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Posted-In: Earnings