NetEase (NASDAQ:NTES) will be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $2.38 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
NetEase (NASDAQ:NTES) last issued its earnings results on Wednesday, May 15th. The technology company reported $2.75 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.89. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.73 billion. NetEase had a net margin of 10.94% and a return on equity of 17.05%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. On average, analysts expect NetEase to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Shares of NASDAQ NTES opened at $215.50 on Tuesday. The firm has a 50-day simple moving average of $250.90. The firm has a market capitalization of $28.85 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 1.73 and a beta of 0.87. NetEase has a 52 week low of $184.60 and a 52 week high of $289.68.
Several research analysts have weighed in on NTES shares. TH Capital increased their target price on shares of NetEase from $270.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. China Renaissance Securities raised shares of NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. BidaskClub lowered shares of NetEase from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research lowered shares of NetEase from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group started coverage on shares of NetEase in a research note on Monday. They set a “buy” rating and a $274.60 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. NetEase has an average rating of “Buy” and a consensus price target of $279.51.
NetEase Company Profile
NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. 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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