Revenue Update on Qiwi PLC(NASDAQ:QIWI)

Qiwi PLC(NASDAQ:QIWI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $46.500M. Analysts estimated a revenue of $43.750M. The revenues were 6.29% above the estimates. Earnings per share were $0.25. The reported EPS was above estimates by 25%. Analysts had estimated an EPS of $0.2.

Qiwi PLC (QIWI) shares turned negative on Fridays trading session with the shares closing down -0.48 points or -2.79% at a volume of 2,81,038. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.4. The peak price level was also seen at $17.4 while the days lowest was $16.4881. Finally the shares closed at $16.72. The 52-week high of the shares is $17.4 while the 52-week low is $10.42. According to the latest information available, the market cap of the company is $1,013 M.

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical online and mobile channels. Its consumers can use cash stored value and other electronic payment methods to order and pay for goods and services across physical or virtual environments interchangeably. The Company operates in and target markets and consumer segments. It provides an integrated network of physical and virtual wallets and payment channels that enable consumers to deposit cash convert it into a digital form and remit the funds to a virtual wallet a variety of Visa-branded prepaid cards or any merchant in its network. The consumers access the Company’s payment network through two primary channels such as physical distribution represented by its kiosks and terminals and virtual distribution represented by its online product that it operates under the Visa Qiwi Wallet brand.

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