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IQIYI, Inc. Sponsored ADR (IQ) Gains But Lags Market: What You Should Know
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In the latest trading session, iQIYI, Inc. Sponsored ADR (IQ - Free Report) closed at $22.55, marking a +0.67% move from the previous day. This move lagged the S&P 500's daily gain of 1.86%. Meanwhile, the Dow gained 1.63%, and the Nasdaq, a tech-heavy index, added 2.95%.
Coming into today, shares of the company had lost 17.04% in the past month. In that same time, the Consumer Discretionary sector lost 10.5%, while the S&P 500 lost 8.85%.
IQ will be looking to display strength as it nears its next earnings release, which is expected to be October 30, 2018.
Investors should also note any recent changes to analyst estimates for IQ. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 28.02% lower within the past month. 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 industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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IQIYI, Inc. Sponsored ADR (IQ) Gains But Lags Market: What You Should Know
In the latest trading session, iQIYI, Inc. Sponsored ADR (IQ - Free Report) closed at $22.55, marking a +0.67% move from the previous day. This move lagged the S&P 500's daily gain of 1.86%. Meanwhile, the Dow gained 1.63%, and the Nasdaq, a tech-heavy index, added 2.95%.
Coming into today, shares of the company had lost 17.04% in the past month. In that same time, the Consumer Discretionary sector lost 10.5%, while the S&P 500 lost 8.85%.
IQ will be looking to display strength as it nears its next earnings release, which is expected to be October 30, 2018.
Investors should also note any recent changes to analyst estimates for IQ. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 28.02% lower within the past month. 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 industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.