Wall Street analysts expect IQIYI Inc (NASDAQ:IQ) to post earnings per share (EPS) of ($0.60) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for IQIYI’s earnings. The lowest EPS estimate is ($0.63) and the highest is ($0.56). IQIYI reported earnings per share of ($0.70) during the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The company is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 27th.

According to Zacks, analysts expect that IQIYI will report full-year earnings of ($2.02) per share for the current fiscal year, with EPS estimates ranging from ($2.09) to ($1.98). For the next fiscal year, analysts anticipate that the firm will report earnings of ($1.35) per share, with EPS estimates ranging from ($1.90) to ($0.86). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for IQIYI.

IQ has been the topic of several research reports. ValuEngine downgraded shares of IQIYI from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Zacks Investment Research downgraded shares of IQIYI from a “buy” rating to a “hold” rating in a report on Friday, January 24th. HSBC upgraded shares of IQIYI from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, January 21st. CLSA upped their price objective on shares of IQIYI to in a report on Thursday, January 30th. Finally, BidaskClub upgraded shares of IQIYI from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $21.48.

Several hedge funds have recently added to or reduced their stakes in IQ. Al Mehwar Commercial Investments LLC acquired a new position in shares of IQIYI in the fourth quarter valued at about $82,479,000. Myriad Asset Management Ltd. grew its stake in shares of IQIYI by 10,197.9% in the fourth quarter. Myriad Asset Management Ltd. now owns 1,835,800 shares of the company’s stock valued at $38,753,000 after acquiring an additional 1,817,973 shares in the last quarter. TB Alternative Assets Ltd. grew its stake in shares of IQIYI by 235.7% in the fourth quarter. TB Alternative Assets Ltd. now owns 1,804,902 shares of the company’s stock valued at $38,101,000 after acquiring an additional 1,267,202 shares in the last quarter. Credit Suisse AG grew its stake in shares of IQIYI by 16.4% in the fourth quarter. Credit Suisse AG now owns 6,440,669 shares of the company’s stock valued at $135,963,000 after acquiring an additional 909,242 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its stake in shares of IQIYI by 410.1% in the fourth quarter. Pictet Asset Management Ltd. now owns 925,314 shares of the company’s stock valued at $19,533,000 after acquiring an additional 743,914 shares in the last quarter. Institutional investors and hedge funds own 24.43% of the company’s stock.

Shares of NASDAQ:IQ traded down $0.25 on Friday, hitting $26.93. The company had a trading volume of 4,021,278 shares, compared to its average volume of 8,415,835. IQIYI has a 1-year low of $15.12 and a 1-year high of $29.18. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of -11.92 and a beta of 2.91. The stock has a 50 day moving average price of $23.50 and a 200 day moving average price of $19.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.08.

About IQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.

Featured Article: What is a stock portfolio tracker?

Get a free copy of the Zacks research report on IQIYI (IQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for IQIYI (NASDAQ:IQ)

Receive News & Ratings for IQIYI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQIYI and related companies with MarketBeat.com's FREE daily email newsletter.