Qiwi PLC (QIWI) Releases Quarterly Earnings, Beats Expectations By $0.02 EPS
Qiwi PLC (NASDAQ:QIWI) issued its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.02, Analyst RN reports. The company had revenue of $62.80 million for the quarter, compared to the consensus estimate of $54.37 million. During the same quarter last year, the company posted $10.50 earnings per share. Qiwi PLC’s revenue was up 21.2% compared to the same quarter last year.
Qiwi PLC (NASDAQ:QIWI) traded down 2.03% during mid-day trading on Thursday, hitting $36.69. 408,608 shares of the company’s stock traded hands. Qiwi PLC has a 52-week low of $26.14 and a 52-week high of $59.24. The stock’s 50-day moving average is $39. and its 200-day moving average is $37.50. The company has a market cap of $1.915 billion and a P/E ratio of 27.68.
QIWI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Qiwi PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $48.60 price target on the stock. On a related note, analysts at Susquehanna initiated coverage on shares of Qiwi PLC in a research note on Monday, July 21st. They set a “positive” rating and a $50.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Qiwi PLC from $50.00 to $62.00 in a research note on Tuesday, July 15th. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $53.14.
QIWI plc. is a provider of payment services in Russia and Commonwealth of Independent States (NASDAQ:QIWI).
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