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Earnings Outlook for iQIYI

Benzinga Insights
·1 min read

On Thursday, August 13, iQIYI (NASDAQ: 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

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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