iQIYI Inc expected to post earnings of 10 fen a share - Earnings Preview

Reuters
2024/11/19

* iQIYI Inc is expected to show a fall in quarterly revenue when it reports results on November 21 for the period ending September 30 2024

* The Beijing-based company is expected to report a 9.6% decrease in revenue to CNY7.244 billion from CNY8.02 billion a year ago, according to the mean estimate from 14 analysts, based on LSEG data.

* ​LSEG's mean analyst estimate for iQIYI Inc is for earnings of 10 fen per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for iQIYI Inc is $3.25​, above​ its last closing price of $2.08. ​​​

Previous quarterly performance (using preferred earnings measure in Chinese yuan renminbi). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.03 0.02 0.07 Beat 211.1

Mar. 31 2024 0.42 0.42 0.68 Beat 62.9

Dec. 31 2023 0.41 0.43 0.48 Beat 12.7​

Sep. 30 2023 0.47 0.47 0.49 Beat 5.2

​​Jun. 0.34 0.35 0.37 Beat 5.1

30 2023

Mar. 31 2023 0.43 0.44 0.64 Beat 44.8​

Dec. 31 2022 0.23 0.12 0.35 Beat 195.8

Sep. 30 2022 -0.10 -0.09 -0.46 Missed -384.2

This summary was machine generated November 19 at 13:37 GMT. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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