iQIYI (NASDAQ:IQ) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

iQIYI (NASDAQ:IQ) posted its earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01, Zacks reports. iQIYI had a net margin of 2.62% and a return on equity of 7.67%. The company had revenue of $919.56 million for the quarter, compared to analyst estimates of $6.62 billion.

iQIYI Stock Performance

NASDAQ:IQ opened at $2.17 on Thursday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 3.72 and a beta of 0.03. iQIYI has a fifty-two week low of $1.82 and a fifty-two week high of $5.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a fifty day moving average price of $2.13 and a 200-day moving average price of $2.35.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Benchmark reiterated a “hold” rating on shares of iQIYI in a research note on Wednesday. Citigroup decreased their target price on iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a report on Thursday, January 16th. Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price objective on shares of iQIYI from $2.50 to $1.80 and set a “neutral” rating on the stock in a research report on Friday, November 22nd. Finally, HSBC raised shares of iQIYI from a “reduce” rating to a “hold” rating and set a $2.15 target price for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.91.

iQIYI Company Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.