Qiwi (QIWI) Releases Earnings Results, Beats Expectations By $17.34 EPS

Qiwi (NASDAQ:QIWI) announced its quarterly earnings results on Wednesday. The credit services provider reported $17.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $17.34, Briefing.com reports. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Qiwi had a net margin of 15.11% and a return on equity of 18.36%. Qiwi’s revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the company posted $20.76 EPS.

Qiwi opened at $18.61 on Thursday, MarketBeat reports. The company has a market cap of $854.48 million, a P/E ratio of 17.89 and a beta of 2.71. Qiwi has a 1-year low of $13.66 and a 1-year high of $26.55.

QIWI has been the topic of a number of recent research reports. ValuEngine upgraded shares of Qiwi from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. BidaskClub cut shares of Qiwi from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Zacks Investment Research upgraded shares of Qiwi from a “sell” rating to a “hold” rating in a research note on Saturday, March 10th. Finally, UBS raised shares of Qiwi from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $26.00.

Qiwi Company Profile

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

Earnings History for Qiwi (NASDAQ:QIWI)

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