Equities research analysts expect Qiwi PLC (NASDAQ:QIWI) to report sales of $54.85 million for the current quarter, Zacks reports. Two analysts have issued estimates for Qiwi’s earnings, with the highest sales estimate coming in at $55.10 million and the lowest estimate coming in at $54.60 million. Qiwi posted sales of $46.50 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 28th.
According to Zacks, analysts expect that Qiwi will report full year sales of $54.85 million for the current financial year, with estimates ranging from $206.38 million to $210.30 million. For the next year, analysts anticipate that the business will post sales of $241.87 million per share, with estimates ranging from $240.50 million to $243.23 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Qiwi.
QIWI has been the subject of several research reports. Zacks Investment Research upgraded shares of Qiwi from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine upgraded shares of Qiwi from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Finally, BidaskClub upgraded shares of Qiwi from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.67.
Several hedge funds have recently bought and sold shares of QIWI. Russell Investments Group Ltd. acquired a new stake in shares of Qiwi during the second quarter worth approximately $1,783,000. State of Wisconsin Investment Board acquired a new stake in shares of Qiwi during the second quarter worth approximately $968,000. SG Americas Securities LLC boosted its holdings in shares of Qiwi by 63.4% during the second quarter. SG Americas Securities LLC now owns 32,684 shares of the credit services provider’s stock worth $807,000 after purchasing an additional 12,684 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Qiwi during the second quarter worth approximately $3,385,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Qiwi during the second quarter worth approximately $201,000. Institutional investors and hedge funds own 17.49% of the company’s stock.
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QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
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