iQIYI, Inc. Sponsored ADR (IQ - Free Report) closed the most recent trading day at $23.48, making no change from the previous trading session. This change lagged the S&P 500's daily gain of 0.46%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.59%.
Heading into today, shares of the company had lost 10.99% over the past month, lagging the Consumer Discretionary sector's gain of 1.83% and the S&P 500's gain of 3.24% in that time.
Investors will be hoping for strength from IQ as it approaches its next earnings release. In that report, analysts expect IQ to post earnings of -$0.52 per share. This would mark year-over-year growth of 76.04%. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 33.67% from the year-ago period.
IQ's full-year Zacks Consensus Estimates are calling for earnings of -$1.64 per share and revenue of $5.02 billion. These results would represent year-over-year changes of +33.6% and +34.47%, respectively.
It is also important to note the recent changes to analyst estimates for IQ. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 20.59% lower. IQ is currently a Zacks Rank #3 (Hold).
The Film and Television Production and Distribution industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 32, putting it in the top 13% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.