Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key ...

By: Nolan MaukIn the post-pandemic era marked by economic uncertainty, volatility, geopolitical tension, and deglobalization, one thing has been made clear: no market, sector, or asset class is immune to the effects of rapidly changing market cycles. The highest inflation rate since 1981 and the Federal Reserve’s monetary response sent both stocks and bonds tumbling in 2022, while real assets and other alternative investments proved to be a haven for diversified investors. One year later, falling inflation ...

Giuliano Benzin Spun-off by Baidu (BIDU) in 2018, iQIYI (NASDAQ:IQ) has faced a precipitous decline in share price from an over $40 peak in 2018 to around $4 as of late. iQIYI stands out amongst competitors/peers as having achieved so far sustained profitability, but this does not seem to be reflected in current prices with the stock plummeting by similar percentages. In relation to these competitors iQIYI stacks up favourably, and although there are some risks to consider as well as questionable Q4 res ...

BEIJING, March 14, 2024 (GLOBE NEWSWIRE) -- iQIYI, Inc. (NASDAQ:IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on March 14, 2024, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.iqiyi.com. The Company will provide a hard copy of its annual report c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

IQIYI, Inc. Sponsored ADR (IQ) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings est ...

iQIYI, Inc. Sponsored ADR (IQ) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.I ...

Investment Rating - The report maintains a "Buy" rating with a target price of $7.75 [3][4]. Core Insights - The company's Q4 performance met expectations, with steady growth in membership and advertising revenue, and a new high in Average Revenue per Member (ARM) [3]. - Revenue for Q4 2023 reached 77.06 billion RMB, a year-on-year increase of 1%, driven by membership and advertising income [3]. - Adjusted net profit for Q4 2023 was 6.82 billion RMB, with an adjusted net profit margin of 9%, reflecting strong growth across multiple operational metrics [3]. Summary by Sections Financial Overview - The company achieved a Q4 operating profit of 7.4 billion RMB, with an operating profit margin of 10.0%, up 0.7 percentage points quarter-on-quarter [3]. - Adjusted operating profit was 9.28 billion RMB, with an adjusted operating profit margin of 12%, up 0.9 percentage points quarter-on-quarter [3]. Membership Revenue - Membership revenue for Q4 2023 was 48.09 billion RMB, a year-on-year increase of 1%, primarily driven by ARM growth [3]. - The average revenue per member (ARM) reached 15.98 RMB, a year-on-year increase of 9%, marking a new high [3]. Advertising Revenue - Advertising revenue for Q4 2023 was 16.51 billion RMB, a year-on-year increase of 6%, continuing a positive growth trend [3]. - Brand advertising and performance advertising both showed healthy growth, with content-targeted advertising accounting for over 50% of brand advertising revenue [3]. Other Business Segments - Content distribution revenue for Q4 2023 was 5.06 billion RMB, a year-on-year decrease of 21%, mainly due to content distribution scheduling and reclassification of film revenue [3]. - Other business revenue reached 7.41 billion RMB, a year-on-year increase of 13%, benefiting from contributions from third-party collaborations [3]. Profit Forecast - The report adjusts profit forecasts for 2024-2026, expecting adjusted net profits of 37 billion RMB, 47 billion RMB, and 56 billion RMB respectively [3].

Investment Rating - The investment rating for the company is "Buy" with a target price of USD 5.60, indicating a potential upside of 52.6% from the current price of USD 3.67 [2][15]. Core Insights - The company's Q4 2023 revenue was RMB 7.7 billion, slightly exceeding expectations, with a year-on-year growth of 1% and a quarter-on-quarter decline of 4% [2]. - Adjusted operating profit for Q4 2023 was RMB 979 million, which was 3% higher than expectations, resulting in an adjusted operating profit margin of 12% [2]. - The company is experiencing a continuous improvement in Average Revenue per Member (ARM), which increased by 13% year-on-year and 3% quarter-on-quarter, despite a decrease in the number of members [2][7]. Financial Performance Summary - Total revenue for 2023 is projected to be RMB 31.87 billion, with a year-on-year growth of 9.9% [3]. - Net profit for 2023 is expected to reach RMB 2.84 billion, reflecting a significant recovery from a loss in the previous year [3]. - The company anticipates a continued increase in adjusted operating profit to RMB 4.7 billion by 2024, with a corresponding increase in earnings per share [3][13]. Membership and Advertising Insights - Membership revenue for Q4 2023 was RMB 4.8 billion, with a slight year-on-year increase of 1% [2]. - Advertising revenue for Q4 2023 was RMB 1.7 billion, showing a year-on-year growth of 6%, primarily driven by brand advertising [2]. - The overseas market showed strong performance, with a 20% year-on-year increase in overseas advertising revenue, and membership revenue in regions like Japan and Hong Kong growing by over 80% [2]. Cost Management and Profitability - Content costs accounted for 48% of total revenue in Q4 2023, with ongoing efforts to optimize these costs leading to improved gross margins [12]. - The company is expected to maintain a focus on cost control and content optimization, which is anticipated to enhance profitability in the long term [2][12].

公司研究 | 季报点评 爱奇艺 IQ.O 买入（维持） 现金流稳定增长，剧集 ROI 提升 股价（2024年03月01日） 3.82美元 目标价格 6.80美元 52周最高价/最低价 7.86/3.06美元 ——爱奇艺（IQ.O）23Q4点评 总股本/流通股（亿股） 9.57/5.22 美股市值（亿美元） 36.55 核心观点 国家/地区 中国 行业 传媒 ⚫ 23Q4营收77亿(yoy+1.50%, qoq-3.85%)，同比增长主要系会员收入增长驱动。我 报告发布日期 2024年03月04日 们预期24Q1或达78亿。Q4毛利率28% (yoy-0.65pp, qoq+1.06pp)；销售及一般 行政费用为9.5亿（yoy-3.31%，qoq-3.42%）；研发费用为4.5亿（yoy-5.04%， 1周 1月 3月 12月 qoq+1.00%）；GAAP归母净利润4.67亿（yoy+53.24%，qoq-2.04%）；Non- 绝对表现% 8.83 16.11 -13.18 -44.23 GAAP归母净利润6.82亿（yoy+20.36%，qoq+9.64%）。24Q1为广告淡季，我们 相对表现% 7.0 ...