Yandex (YNDX) Issues Earnings Results

Yandex (NASDAQ:YNDX) announced its earnings results on Monday, October 29th. The information services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01, Yahoo Finance reports. The firm had revenue of $496.60 million for the quarter. Yandex had a net margin of 37.72% and a return on equity of 12.70%. The business’s revenue was up 39.0% compared to the same quarter last year. During the same quarter last year, the business earned $7.16 EPS. Yandex updated its FY 2018 guidance to EPS.

Shares of Yandex stock traded up $1.53 during trading on Thursday, hitting $29.38. 2,345,643 shares of the company’s stock traded hands, compared to its average volume of 4,089,883. Yandex has a twelve month low of $24.90 and a twelve month high of $44.49. The firm has a market cap of $9.14 billion, a P/E ratio of 36.27 and a beta of 2.43.

Several research analysts recently commented on the stock. ValuEngine downgraded shares of Yandex from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Yandex from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. BidaskClub downgraded shares of Yandex from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Bank of America dropped their price objective on shares of Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 5th. Finally, Deutsche Bank dropped their price objective on shares of Yandex from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Yandex currently has a consensus rating of “Buy” and an average price target of $41.33.

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About Yandex

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

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Earnings History for Yandex (NASDAQ:YNDX)

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