Qutoutiao (QTT) to Release Quarterly Earnings on Monday

Qutoutiao (NASDAQ:QTT) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 20th. Analysts expect the company to announce earnings of ($0.37) per share for the quarter. Qutoutiao has set its Q1 2019 guidance at EPS and its FY 2019 guidance at EPS.

Qutoutiao (NASDAQ:QTT) last posted its earnings results on Tuesday, March 5th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.02). The firm had revenue of $191.87 million during the quarter, compared to the consensus estimate of $191.90 million. On average, analysts expect Qutoutiao to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:QTT opened at $5.83 on Monday. The company has a market cap of $1.73 billion and a PE ratio of -2.78. Qutoutiao has a 52 week low of $4.00 and a 52 week high of $20.39.

Several research firms have recently commented on QTT. Zacks Investment Research lowered Qutoutiao from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Citigroup raised Qutoutiao from a “neutral” rating to a “buy” rating and lowered their target price for the company from $16.00 to $14.00 in a report on Tuesday, April 16th. Deutsche Bank lowered Qutoutiao from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Wednesday, February 20th. Finally, UBS Group lowered Qutoutiao from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Friday, February 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.80.

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About Qutoutiao

Qutoutiao Inc operates mobile platforms for the distribution, consumption, and sharing of light entertainment content in the People's Republic of China. The company operates Qutoutiao, a mobile application that aggregates articles and short videos from professional media and freelancers and presents customized feeds to users; and Quduopai, a mobile application that allows users to create, upload, and view videos.

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