iQIYI, Inc. (NASDAQ:IQ) is reporting second quarter earnings results on Thursday 13th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.49 per share.
For the full year, analysts predict revenues of $ 4465.40 million, while looking forward to loss of $ 1.86 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 1.02 billion ~ $ 1.08 billion
Click Here For More Historical Outlooks Of iQIYI, Inc.
Previous Quarter Performance
iQIYI, Inc. reported loss for the first quarter of $ 0.56 per share, from the revenue of $ 1,100.00 million. The quarterly revenues elevated 9.35 percent compared with the same quarter last year. Street analysts expected iQIYI, Inc. to report loss of $ 0.56 per share on revenue of $ 1027.94 million for the first quarter. The bottom line results street analysts by $ 0 or , at the same time, top line results outshined analysts by $ 72.06 million or 7.01 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of IQ was $ 22.22, representing a 53.14 % increase from the 52 week low of $ 14.51 and a 19.2 % decrease over the 52 week high of $ 27.50.
The company has a market capital of $ 16.30 billion and is part of the Technology sector and Internet Content & Information industry.
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Recent Analyst recommendations
- On 25th June 2020, downgraded by Oppenheimer to Perform from Outperform rating.
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. The company also provides membership, content distribution, online advertising, live broadcasting, and online gaming and literature services.
