Earnings and Growth Analysis : Qutoutiao (NASDAQ:QTT)

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Earnings results for Qutoutiao (NASDAQ:QTT)

Qutoutiao Inc. is estimated to report earnings on 09/09/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.14. The reported EPS for the same quarter last year was $-0.32.

Qutoutiao last posted its earnings data on June 4th, 2020. The reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.25) by $0.02. The business had revenue of $202.24 million for the quarter. Qutoutiao has generated ($1.52) earnings per share over the last year. Qutoutiao has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, September 9th, 2020 based off prior year’s report dates.

Analyst Opinion on Qutoutiao (NASDAQ:QTT)

1 Wall Street analysts have issued ratings and price targets for Qutoutiao in the last 12 months. Their average twelve-month price target is $3.70, predicting that the stock has a possible upside of 42.86%. The high price target for QTT is $3.70 and the low price target for QTT is $3.70. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Qutoutiao has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $3.70, Qutoutiao has a forecasted upside of 42.9% from its current price of $2.59. Qutoutiao has received no research coverage in the past 90 days.

Dividend Strength: Qutoutiao (NASDAQ:QTT)

Qutoutiao does not currently pay a dividend. Qutoutiao does not have a long track record of dividend growth.

Insiders buying/selling: Qutoutiao (NASDAQ:QTT)

In the past three months, Qutoutiao insiders have not sold or bought any company stock. Only 3.17% of the stock of Qutoutiao is held by institutions.

Earnings and Valuation of Qutoutiao (NASDAQ:QTT

Earnings for Qutoutiao are expected to grow in the coming year, from ($0.52) to $0.03 per share. The P/E ratio of Qutoutiao is -1.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Qutoutiao is -1.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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