iQIYI, Inc. Sponsored ADR (IQ) closed at $22.74 in the latest trading session, marking a +0.13% move from the prior day. The stock lagged the S&P 500's daily gain of 0.36%. Elsewhere, the Dow gained 0.36%, while the tech-heavy Nasdaq added 0.34%.
Coming into today, shares of the company had lost 15.17% in the past month. In that same time, the Consumer Discretionary sector lost 1.73%, while the S&P 500 gained 0.64%.
Wall Street will be looking for positivity from IQ as it approaches its next earnings report date. On that day, IQ is projected to report earnings of -$0.52 per share, which would represent year-over-year growth of 76.04%. Meanwhile, our latest consensus estimate is calling for revenue of $1.06 billion, up 37.72% from the prior-year quarter.
IQ's full-year Zacks Consensus Estimates are calling for earnings of -$1.68 per share and revenue of $5.08 billion. These results would represent year-over-year changes of +31.98% and +36.12%, respectively.
Investors should also note any recent changes to analyst estimates for IQ. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 23.53% lower. IQ is holding a Zacks Rank of #3 (Hold) right now.
The Film and Television Production and Distribution industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 66, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
iQIYI, Inc. Sponsored ADR (IQ): Free Stock Analysis Report
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