IQIYI, Inc. Sponsored ADR (IQ) Wins But Lags The Market: What You Need To Know


IQIYI, Inc. Sponsored ADR (IQ) closed at $3.92 in the last trading session, marking a +1.03% move from the previous day. The stock lagged the S&P 500’s 1.73% daily gain. Meanwhile, the Dow Jones gained 1.27% and the tech-heavy Nasdaq added 0.28%. .

As of today, the company’s shares have gained 4.86% over the past month. Meanwhile, the consumer discretionary sector gained 12.28%, while the S&P 500 gained 9.34%.

iQIYI, Inc. Sponsored ADR will look to show strength ahead of its next earnings release, which is expected on August 30, 2022. In this report, analysts expect iQIYI, Inc. Sponsored ADR shows earnings of -$0.05 per share. This would mark a year-over-year growth of 81.48%. Meanwhile, our latest consensus estimate calls for revenue of $1.02 billion, down 13.82% from the prior year quarter.

Zacks consensus estimates for the full year for IQ call for earnings of -$0.16 per share and revenue of $4.47 billion. These results would represent year-over-year variations of +81.82% and -5.38%, respectively.

Investors should also note any recent changes to analyst estimates for iQIYI, Inc. Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.

Our research shows that these estimate changes are directly correlated to short-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of externally audited outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past 30 days, our consensus EPS projection has increased by 17.95%. iQIYI, Inc. Sponsored ADR currently has a Zacks rating of #2 (Buy).

The film and television production and distribution industry is part of the consumer discretionary sector. This industry currently has a Zacks Industry Rank of 178, which places it in the bottom 30% of all 250+ industries.

The Zacks Industry Ranking assesses the strength of our individual industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to track all of these stock movement metrics, and more, in future trading sessions.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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