Analysts predict that Qiwi PLC (NASDAQ:QIWI) will announce sales of $62.15 million for the current quarter, Zacks reports. Two analysts have issued estimates for Qiwi’s earnings. The lowest sales estimate is $60.20 million and the highest is $64.10 million. Qiwi posted sales of $55.80 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.4%. The company is scheduled to announce its next earnings report on Thursday, November 15th.

According to Zacks, analysts expect that Qiwi will report full-year sales of $251.85 million for the current fiscal year, with estimates ranging from $250.40 million to $253.30 million. For the next financial year, analysts forecast that the business will report sales of $285.97 million, with estimates ranging from $285.70 million to $286.23 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Qiwi.

Qiwi (NASDAQ:QIWI) last posted its earnings results on Thursday, August 16th. The credit services provider reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). Qiwi had a return on equity of 15.13% and a net margin of 12.66%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm posted $17.70 earnings per share. The firm’s revenue for the quarter was up 53.7% compared to the same quarter last year.

Several research firms recently weighed in on QIWI. BidaskClub lowered Qiwi from a “sell” rating to a “strong sell” rating in a report on Thursday, June 28th. Zacks Investment Research raised Qiwi from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. TheStreet raised Qiwi from a “c+” rating to a “b-” rating in a research report on Monday, August 6th. UBS Group dropped their price target on Qiwi from $24.50 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 24th. Finally, ValuEngine raised Qiwi from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.67.

QIWI opened at $12.67 on Monday. Qiwi has a twelve month low of $11.61 and a twelve month high of $20.05. The company has a market capitalization of $568.91 million, a P/E ratio of 12.18 and a beta of 2.80.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Platinum Investment Management Ltd. increased its position in Qiwi by 11.7% in the 2nd quarter. Platinum Investment Management Ltd. now owns 2,556,346 shares of the credit services provider’s stock worth $40,262,000 after buying an additional 268,025 shares during the period. DAVENPORT & Co LLC increased its position in Qiwi by 29.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 420,508 shares of the credit services provider’s stock worth $6,623,000 after buying an additional 96,347 shares during the period. River & Mercantile Asset Management LLP increased its position in Qiwi by 5.6% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 319,228 shares of the credit services provider’s stock worth $5,023,000 after buying an additional 16,988 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Qiwi in the 2nd quarter worth approximately $2,528,000. Finally, Renaissance Technologies LLC increased its position in Qiwi by 14.3% in the 2nd quarter. Renaissance Technologies LLC now owns 150,300 shares of the credit services provider’s stock worth $2,367,000 after buying an additional 18,847 shares during the period. 28.86% of the stock is currently owned by institutional investors.

Qiwi Company Profile

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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Earnings History and Estimates for Qiwi (NASDAQ:QIWI)

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