Benzinga | Nov 16, 2021 11:22AM EST

A Preview Of iQIYI's Earnings

iQIYI (NASDAQ:IQ) is set to give its latest quarterly earnings report on Wednesday, 2021-11-17. Here's what investors need to know before the announcement.

Analysts estimate that iQIYI will likely report an Earnings Per Share (EPS) of $-0.34

iQIYI bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed on EPS by -20.59%, which was followed by a 0.0% drop in the share price the next day.

Here's a look at iQIYI's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate -0.34 -0.36 -0.38 -0.40EPS Actual -0.27 -0.25 -0.32 -0.24Price Change % 0.0% -4.09% 2.52% -14.62%

Stock Performance

Shares of iQIYI were trading at $8.68 as of November 15. Over the last 52-week period, shares are down 61.6%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.