Brokers Offer Predictions for iQIYI, Inc.’s Q1 2021 Earnings (NASDAQ:IQ)

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iQIYI, Inc. (NASDAQ:IQ) – Investment analysts at Oppenheimer lifted their Q1 2021 EPS estimates for shares of iQIYI in a note issued to investors on Wednesday, April 14th. Oppenheimer analyst B. Pei now anticipates that the company will earn ($0.34) per share for the quarter, up from their prior estimate of ($0.39). Oppenheimer also issued estimates for iQIYI’s Q2 2021 earnings at ($0.35) EPS, Q3 2021 earnings at ($0.36) EPS, Q4 2021 earnings at ($0.37) EPS, FY2021 earnings at ($1.42) EPS and FY2022 earnings at ($0.62) EPS.

Several other research analysts also recently weighed in on the stock. HSBC downgraded shares of iQIYI from a “buy” rating to a “hold” rating and set a $21.60 target price on the stock. in a research report on Wednesday, January 13th. Credit Suisse Group cut shares of iQIYI from a “neutral” rating to an “underperform” rating and set a $16.70 price objective on the stock. in a research report on Tuesday, January 19th. Loop Capital reduced their target price on iQIYI from $25.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, December 24th. KeyCorp upgraded iQIYI from a “sector weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a report on Monday, March 1st. Finally, Morgan Stanley lowered iQIYI from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 12th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. iQIYI currently has a consensus rating of “Hold” and a consensus price target of $21.45.

NASDAQ IQ opened at $14.15 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.41. iQIYI has a 1 year low of $14.09 and a 1 year high of $28.97. The company has a market cap of $11.09 billion, a PE ratio of -9.01 and a beta of 1.06. The stock’s 50-day moving average price is $21.56 and its two-hundred day moving average price is $22.15.

iQIYI (NASDAQ:IQ) last announced its earnings results on Wednesday, February 17th. The company reported ($2.10) EPS for the quarter, missing the consensus estimate of ($0.38) by ($1.72). iQIYI had a negative net margin of 26.76% and a negative return on equity of 111.91%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion.

Several institutional investors and hedge funds have recently bought and sold shares of IQ. Carolina Wealth Advisors LLC acquired a new position in shares of iQIYI during the 4th quarter worth $28,000. NEXT Financial Group Inc bought a new stake in iQIYI in the fourth quarter worth $66,000. McCarthy Asset Management Inc. acquired a new position in iQIYI during the fourth quarter worth $80,000. Advisory Services Network LLC raised its holdings in iQIYI by 10.4% during the fourth quarter. Advisory Services Network LLC now owns 6,294 shares of the company’s stock valued at $110,000 after buying an additional 594 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in shares of iQIYI in the third quarter worth about $229,000. 30.81% of the stock is owned by institutional investors.

About iQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People's Republic of China. The company offers various products and services comprising internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform.

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Earnings History and Estimates for iQIYI (NASDAQ:IQ)

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