Q4 2018 EPS Estimates for Qiwi PLC (QIWI) Decreased by William Blair
Qiwi PLC (NASDAQ:QIWI) – William Blair lowered their Q4 2018 earnings per share (EPS) estimates for Qiwi in a research report issued on Thursday, November 15th. William Blair analyst R. Napoli now anticipates that the credit services provider will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.14.
Several other analysts have also recently issued reports on QIWI. Zacks Investment Research cut shares of Qiwi from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. TheStreet raised shares of Qiwi from a “c+” rating to a “b-” rating in a research note on Monday, August 6th. BidaskClub cut shares of Qiwi from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 21st. ValuEngine raised shares of Qiwi from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 22nd. Finally, UBS Group dropped their price objective on shares of Qiwi from $24.50 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Qiwi currently has a consensus rating of “Hold” and an average target price of $17.67.
Qiwi (NASDAQ:QIWI) last announced its quarterly earnings data on Wednesday, November 14th. The credit services provider reported $18.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $18.81. Qiwi had a net margin of 12.66% and a return on equity of 15.13%. The company had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the prior year, the company earned $17.38 EPS. Qiwi’s revenue was up 61.5% compared to the same quarter last year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in Qiwi in the 3rd quarter valued at about $116,000. Jane Street Group LLC acquired a new position in Qiwi in the 3rd quarter valued at about $133,000. Engineers Gate Manager LP acquired a new position in Qiwi in the 2nd quarter valued at about $158,000. Stevens Capital Management LP acquired a new position in Qiwi in the 3rd quarter valued at about $168,000. Finally, Capital Fund Management S.A. acquired a new position in Qiwi in the 2nd quarter valued at about $359,000. 28.81% of the stock is owned by institutional investors.
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.
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