iQIYI Reports Earnings Results, Surpasses Estimates by $0.01 EPS

iQIYI (NASDAQ:IQ) released its earnings results on Tuesday, revealing a loss of ($0.03) in earnings per share (EPS) for the quarter. This figure exceeded the analysts' consensus estimate of ($0.04) by $0.01, according to reports from Zacks. The company showcased a net margin of 4.69% and a return on equity of 13.26%.

iQIYI Stock Performance

On Tuesday, shares of iQIYI opened at a price of $2.54. The stock is currently trading with a 50-day moving average of $2.13 and a 200-day moving average of $2.36. The market capitalization of iQIYI stands at $2.44 billion, with a price-to-earnings (P/E) ratio of 12.70 and a P/E growth (P/E/G) ratio of 3.76. The beta for the stock is low, at 0.03, indicating a relatively stable performance compared to the broader market. iQIYI has a debt-to-equity ratio of 0.65 and both a quick ratio and a current ratio of 0.45. The stock has ranged from a 52-week low of $1.82 to a high of $5.80.

Analysts Update Price Targets

About iQIYI

iQIYI, Inc., together with its subsidiaries, delivers online entertainment video services in the People’s Republic of China. The company offers a variety of products and services that include online video, online games, online literature, and animations, among others. iQIYI operates a platform that hosts a wide range of internet video content featuring both professionally produced material from licensed providers and its own self-produced content.

iQIYI, Earnings, Estimates