IQ) will report its last quarter’s earnings. Here is Benzinga’s preview of the company’s release.
Earnings and Revenue
Wall Street expects an EPS loss of $0.5 and sales around $1.06 billion. iQIYI reported EPS of $-0.49 when it published results during the same quarter last year. Sales in that period totaled $1.00 billion. If the company were to report in-line earnings when it publishes results Thursday, quarterly profit would be down 2.04%. In comparison to analyst estimates in the past, here’s how the company’s reported EPS stacks up:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | -0.56 | -0.64 | -0.72 | -0.44 |
| EPS Actual | -0.56 | -0.49 | -0.70 | -0.49 |
| Revenue Estimate | 1.03 B | 993.53 M | 1.02 B | 1.02 B |
| Revenue Actual | 1.10 B | 1.10 B | 1.00 B | 1.00 B |
Stock Performance
For a full 12 months, the return has risen by 32.06%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
View more earnings on IQ” data-reactid=”23″>View more earnings on IQ
https://apac.directeventreg.com/der/toRegistration.action” data-reactid=”24″>Don’t be surprised to see the stock move on comments made during its conference call. iQIYI is scheduled to hold the call at 20:00:00 ET and can be accessed here: https://apac.directeventreg.com/der/toRegistration.action
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