iQIYI (NASDAQ: IQ) has announced that it will be unveiling its second quarter financial results on Thursday 22nd August 2024. This announcement is set to occur before market open, allowing investors and analysts to gain valuable insights into the company's performance during the quarter.
Financial analysts on Wall Street are anticipating that the concern will announce an estimated revenue of $1.03 billion for the quarter.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $4.41 billion. Additionally, they are expecting the company to report profit of $0.28 per share for the fiscal year 2024.
The earnings report for the corresponding quarter in the previous year showcased a per-share income of $0.08. This considerable sum was attributed to the company's total revenue, which reached an impressive $1.1 billion during that specific quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $0.12 | -14.3% | 1.10 B | -8.3% |
| Q4 2023 | $0.10 | -28.6% | 1.10 B | 0% |
| Q3 2023 | $0.09 | +200.0% | 1.11 B | +1.4% |
| Q2 2023 | $0.08 | +700.0% | 1.10 B | +10.7% |
*Growth on year-over-year basis
The previous trading day saw iQIYI (IQ) shares trading between $3.02 and $3.11, besides a volume of 7.86 million shares. The stock closed Wednesday's regular trading session at $3.08, marking 0.65 percent gain.
