iQIYI, Inc. Sponsored ADR (IQ - Free Report) closed at $19.91 in the latest trading session, marking a -0.4% move from the prior day. This move lagged the S&P 500's daily gain of 0.45%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.75%.
Coming into today, shares of the company had gained 9.18% in the past month. In that same time, the Consumer Discretionary sector gained 3.74%, while the S&P 500 gained 3.84%.
Wall Street will be looking for positivity from IQ as it approaches its next earnings report date. The company is expected to report EPS of -$0.39, up 13.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.04 billion, up 11.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.38 per share and revenue of $4.64 billion, which would represent changes of +44.13% and +24.26%, respectively, from the prior year.
Any recent changes to analyst estimates for IQ should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection remained stagnant. IQ currently has a Zacks Rank of #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 242, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.