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Earnings Outlook For iQIYI

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Benzinga Insights
·2 min read
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On Monday, November 16, iQIYI (NASDAQ: IQ) will release its latest earnings report. Here is Benzinga's outlook for the company.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street expects an EPS loss of $0.39 and sales around $1.09 billion. iQIYI reported a per-share loss of $0.7 when it published results during the same quarter last year. Sales in that period totaled $1.00 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on IQ

The analyst consensus estimate would represent a 44.29% increase in the company's EPS figure. Sales would be have grown 9.0% from the same quarter last year. iQIYI's reported EPS has stacked up against analyst estimates in the past like this:

EPS Estimate

-0.49

-0.56

-0.64

-0.72

EPS Actual

-0.28

-0.56

-0.49

-0.70

Revenue Estimate

1.05 B

1.03 B

993.53 M

1.02 B

Revenue Actual

1.00 B

1.10 B

1.10 B

1.00 B

Stock Performance

Shares of iQIYI were trading at $26.17 as of November 12. Over the last 52-week period, shares are up 49.19%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. iQIYI is scheduled to hold the call at 19:00:00 ET and can be accessed here.

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