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


iQIYI, Inc. Sponsored ADR (IQ) closed at $21.60 in the latest trading session, marking a +1.65% move from the prior day. This change outpaced the S&P 500′s 0.3% gain on the day. Elsewhere, the Dow gained 0.46%, while the tech-heavy Nasdaq added 0.08%.

Heading into today, shares of the company had gained 26.87% over the past month, outpacing the Consumer Discretionary sector’s gain of 4.85% and the S&P 500′s gain of 5.93% in that time.

Wall Street will be looking for positivity from IQ as it approaches its next earnings report date. This is expected to be February 21, 2019.

Investors might also notice recent changes to analyst estimates for IQ. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.56% lower. IQ is holding a Zacks Rank of #3 (Hold) 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 16, putting it in the top 7% 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.

To follow IQ in the coming trading sessions, be sure to utilize Zacks.com.

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