We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
QIWI plc (QIWI - Free Report) is an $800 million provider of next generation payment services primarily in Russia. The company has an integrated network that enables payment services across physical, online and mobile channels.
The QIWI network enables merchants to accept cash and electronic payments from virtual wallets, and operates cash-collecting terminals and kiosks. QIWI plc is based in Moscow and went public in 2013.
The reason that QIWI is in the cellar of the Zacks Rank is that EPS estimates recently took a hit after a resurgence in the first half of the year.
In July, analysts began lowering estimates when the stock was still trading above $20. And that was when QIWI became a Zacks #4 Rank Sell.
To tell the tale with a picture, here's the Zacks proprietary Price & Consensus chart which plots the stock price against changes in annual EPS projections...
In Q2, QIWI was a Zacks #1 Rank Strong Buy as the estimates moved up. If you had followed the Rank then, you would have caught the move in the stock from $17 to $25.
And last month, the Rank identified what many would have thought was a buying opportunity on the pullback to $20 as really a new sell signal. The new consensus EPS for 2017 of $1.11 represents negative "growth" of -13%, even while revenue estimates still reflect 19% growth to $198 million.
And while next year's EPS forecast of $1.44 would be 30% growth, investors should wait and watch for the estimates to turn back up before investing in QIWI.
The Zacks Rank will let you know.
4 Surprising Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off.
Image: Bigstock
Bear of the Day: QIWI (QIWI)
QIWI plc (QIWI - Free Report) is an $800 million provider of next generation payment services primarily in Russia. The company has an integrated network that enables payment services across physical, online and mobile channels.
The QIWI network enables merchants to accept cash and electronic payments from virtual wallets, and operates cash-collecting terminals and kiosks. QIWI plc is based in Moscow and went public in 2013.
The reason that QIWI is in the cellar of the Zacks Rank is that EPS estimates recently took a hit after a resurgence in the first half of the year.
In July, analysts began lowering estimates when the stock was still trading above $20. And that was when QIWI became a Zacks #4 Rank Sell.
To tell the tale with a picture, here's the Zacks proprietary Price & Consensus chart which plots the stock price against changes in annual EPS projections...
In Q2, QIWI was a Zacks #1 Rank Strong Buy as the estimates moved up. If you had followed the Rank then, you would have caught the move in the stock from $17 to $25.
And last month, the Rank identified what many would have thought was a buying opportunity on the pullback to $20 as really a new sell signal. The new consensus EPS for 2017 of $1.11 represents negative "growth" of -13%, even while revenue estimates still reflect 19% growth to $198 million.
And while next year's EPS forecast of $1.44 would be 30% growth, investors should wait and watch for the estimates to turn back up before investing in QIWI.
The Zacks Rank will let you know.
4 Surprising Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off.
See These Stocks Now>>