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IQIYI, Inc. Sponsored ADR (IQ) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research

iQIYI, Inc. Sponsored ADR (IQ) closed the most recent trading day at $18.06, moving +1.35% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, lost 0.17%.

Heading into today, shares of the company had gained 1.89% over the past month, lagging the Consumer Discretionary sector's gain of 4.1% and the S&P 500's gain of 4.92% in that time.

IQ will be looking to display strength as it nears its next earnings release. On that day, IQ is projected to report earnings of -$0.57 per share, which would represent year-over-year growth of 9.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.06 billion, up 4.5% from the year-ago period.

IQ's full-year Zacks Consensus Estimates are calling for earnings of -$1.91 per share and revenue of $4.21 billion. These results would represent year-over-year changes of +22.67% and +12.87%, respectively.

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It is also important to note the recent changes to analyst estimates for IQ. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 23.49% lower within the past month. IQ is holding a Zacks Rank of #4 (Sell) right now.

The Film and Television Production and Distribution industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 38% 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.


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Zacks Investment Research