In the latest trading session, iQIYI, Inc. Sponsored ADR (IQ - Free Report) closed at $23.70, marking a +1.63% move from the previous day. This change outpaced the S&P 500's 0.66% gain on the day. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.46%.
Heading into today, shares of the company had lost 9.15% over the past month, lagging the Consumer Discretionary sector's gain of 2.95% and the S&P 500's gain of 3.97% in that time.
Investors will be hoping for strength from IQ as it approaches its next earnings release. The company is expected to report EPS of -$0.52, up 76.04% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 33.67% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.64 per share and revenue of $5.02 billion. These totals would mark changes of +33.6% and +34.47%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for IQ. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 20.59% lower. IQ is currently sporting a Zacks Rank of #4 (Sell).
The Film and Television Production and Distribution industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 14% 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.