JUMP REPORT
IQIYI (IQ)
EARNINGS RELEASE - AUGUST 13 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.49/share REV: 1,050/M
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LAST QTR: EPS: -.55/share ACTUAL: -.56/share (MISS)
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NEXT QTR: EPS: -.52/share REV: 1,070/M
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FULL YR: EPS: -1.86/share REV: 4,470/M
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BEAT/MISS RECORD: 0% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -9.65, -1.93, 17.29
EXPECTED JUMP MOVE THIS QUARTER: 10+%
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Links To Latest News and Headlines
On May. 19, iQIYI, an innovative market-leading online entertainment service in China, announced that Wind Blows from Longxi, the second installment of iQIYI’s Chinese Historic City Universe (iCHCU), premiered exclusively online on iQIYI on Apr. 27 and released its season finale for subscribers on May 7. Like Luoyang, the first installment of iCHCU, Wind Blows from Longxi achieved worldwide popularity with its high-quality production and offered the audience an opportunity to appreciate traditio
Shares of iQIYI Inc. soared 17.7% in afternoon trading Monday, after a double upgrade by J.P. Morgan analyst Alex Yao to buy from underweight, saying the China-based streaming-video company is a beneficiary of a new paradigm surrounding China’s long-form video industry, in which major platforms switch focus to profitability from expansion. Yao multiplied his stock price target by four, to $8 from $2. His new target implies 129% upside from current levels. Yao said he’s “positive” on iQIYI’s path
iQIYI, Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”), an innovative market-leading online entertainment service in China, today announced that it will report its financial results for the first quarter ended March 31, 2022 before the U.S. market opens on May 26, 2022.
iQIYI (IQ) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Investors are optimistic that the Chinese government is focusing its attention on China’s economic growth.
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Avg Daily Volume: 9,142,179 Market Cap: 16.79B
Sector: Consumer Services Short Interest: None
Ticker delayed 20 minutes
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by Team Stockjumpers