NetEase (NASDAQ:NTES) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 14th. Analysts expect NetEase to post earnings of $2.10 per share for the quarter.
NetEase (NASDAQ:NTES) last issued its quarterly earnings data on Wednesday, August 8th. The technology company reported $2.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.82. NetEase had a net margin of 11.49% and a return on equity of 14.57%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.61 billion. On average, analysts expect NetEase to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of NTES opened at $228.64 on Wednesday. NetEase has a one year low of $184.60 and a one year high of $377.64. The stock has a market capitalization of $29.24 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 1.43 and a beta of 0.96.
Several analysts have commented on the stock. TheStreet upgraded shares of NetEase from a “c+” rating to a “b” rating in a report on Friday, August 10th. Zacks Investment Research lowered shares of NetEase from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. BidaskClub lowered shares of NetEase from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Macquarie lowered shares of NetEase from an “outperform” rating to a “neutral” rating in a report on Thursday, August 9th. Finally, Jefferies Financial Group upgraded shares of NetEase from a “hold” rating to a “buy” rating in a report on Friday, September 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. NetEase has a consensus rating of “Buy” and a consensus target price of $311.92.
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NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. It offers various games in a range of genres through mobile devices and PCs, including role playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.
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