A Preview Of iQIYI's Earnings
Portfolio Pulse from Benzinga Insights
iQIYI (NASDAQ:IQ) is scheduled to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts expecting an EPS of $0.06. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, iQIYI's stock price has shown varied reactions to past earnings performances, with a mix of price drops and increases following the announcements. Shares are currently trading at $5.08, up 113.99% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders ahead of the earnings release.
November 20, 2023 | 2:00 pm
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NEUTRAL IMPACT
iQIYI is anticipated to report an EPS of $0.06 for the quarter. Historical data shows mixed stock price reactions post-earnings, with a recent 4.09% drop after beating EPS last quarter. Long-term shareholders remain bullish with a 113.99% increase in stock price over the past year.
The expected EPS of $0.06 sets a benchmark for iQIYI's earnings report. Historical performance shows that the company's stock price can fluctuate after earnings releases, regardless of beating estimates. The long-term bullish trend may temper short-term volatility, but the actual earnings result and forward guidance will be critical for short-term price movement. Given the mixed historical reactions, a neutral score is appropriate until the actual figures and guidance are released.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100