iQIYI IQ will release its quarterly earnings report on Thursday, 2024-11-21. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate iQIYI to report an earnings per share (EPS) of $0.04.
The market awaits iQIYI's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Earnings History Snapshot
The company's EPS beat by $0.03 in the last quarter, leading to a 10.0% drop in the share price on the following day.
Here's a look at iQIYI's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0 | 0.06 | 0.06 | 0.06 |
| EPS Actual | 0.03 | 0.12 | 0.10 | 0.09 |
| Price Change % | -10.0% | -9.0% | 1.0% | 0.0% |
Tracking iQIYI's Stock Performance
Shares of iQIYI were trading at $2.09 as of November 19. Over the last 52-week period, shares are down 54.21%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.
To track all earnings releases for iQIYI visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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