IQ Stock Recent News

BEIJING, Oct. 25, 2023 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it will report its financial results for the third quarter ended September 30, 2023 before the U.S. market opens on November 21, 2023.

iQIYI, Inc. Sponsored ADR (IQ) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

BEIJING, Aug. 02, 2023 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it will report its financial results for the second quarter ended June 30, 2023 before the U.S. market opens on August 22, 2023.

2Q22 expected slowdown in subscribers has no structural impact to IQ long-term fundamentals. Despite a potential sequential subscriber decline in 2Q23, I expect a rebound in subscriber and ad revenue due to a strong content season and a rise in advertiser interest. I maintain optimism about IQ future prospects given the focus on maintaining profit margins, controlling content costs, and the recovery of high-growth verticals in the advertising industry.

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

After losing some value lately, a hammer chart pattern has been formed for iQIYI, Inc. Sponsored ADR (IQ), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

iQIYI Inc. is again exploring a second listing in Hong Kong just as China's answer to Netflix Inc. looks on track to reverse years of losses. The US-listed Baidu Inc. subsidiary is keen to bring new investors onboard as it finances more original programming and steps up the use of AI to draw viewers from rivals, Chief Executive Officer Gong Yu told Bloomberg's David Ingles in an exclusive interview.

On top of inflationary pressures and rising rates, not even government debt ceiling uncertainty has been able to slow the upward momentum. Just two months removed from the bank crisis downturn, the S&P 500 climbed to fresh 2023 highs last week.

iQIYI, Inc. Sponsored ADR (IQ) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.