Qutoutiao Inc – to Post Q4 2019 Earnings of $0.04 Per Share, KeyCorp Forecasts (QTT)
Qutoutiao Inc – (NASDAQ:QTT) – Research analysts at KeyCorp dropped their Q4 2019 earnings per share (EPS) estimates for Qutoutiao in a research report issued on Monday, November 12th, Zacks Investment Research reports. KeyCorp analyst H. Chung now expects that the company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.06. KeyCorp has a “Overweight” rating and a $11.00 price objective on the stock. KeyCorp also issued estimates for Qutoutiao’s Q2 2020 earnings at $0.10 EPS, Q3 2020 earnings at $0.20 EPS, FY2020 earnings at $0.38 EPS and FY2021 earnings at $1.27 EPS.
QTT has been the subject of several other research reports. Citigroup began coverage on shares of Qutoutiao in a report on Thursday, October 18th. They set a “neutral” rating and a $8.40 target price for the company. Deutsche Bank raised shares of Qutoutiao from a “hold” rating to a “buy” rating and reduced their target price for the stock from $8.30 to $8.00 in a report on Wednesday, November 14th.
Qutoutiao (NASDAQ:QTT) last announced its quarterly earnings data on Monday, November 12th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.21). The firm had revenue of $142.28 million for the quarter, compared to the consensus estimate of $131.40 million.
An institutional investor recently bought a new position in Qutoutiao stock. Citadel Advisors LLC bought a new position in shares of Qutoutiao Inc – (NASDAQ:QTT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 65,418 shares of the company’s stock, valued at approximately $466,000. Institutional investors own 0.14% of the company’s stock.
Qutoutiao Company Profile
Qutoutiao Inc develops an application for news in China. Qutoutiao Inc was formerly known as Qtech Ltd. and changed its name to Qutoutiao Inc in July 2018. The company was founded in 2016 and is based in Shanghai, China.
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