KeyCorp Equities Analysts Reduce Earnings Estimates for Qutoutiao Inc (QTT)
Qutoutiao Inc (NASDAQ:QTT) – Equities research analysts at KeyCorp lowered their Q4 2019 EPS estimates for Qutoutiao in a report released on Monday, November 12th. KeyCorp analyst H. Chung now expects that the company will post earnings of $0.04 per share 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.
Qutoutiao (NASDAQ:QTT) last posted its quarterly earnings data on Monday, November 12th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.21). The company had revenue of $142.28 million during the quarter, compared to analyst estimates of $131.40 million.
NASDAQ QTT opened at $5.22 on Wednesday. Qutoutiao has a twelve month low of $5.00 and a twelve month high of $20.39.
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 third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 65,418 shares of the company’s stock, valued at approximately $466,000.
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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