2 weeks Ago By Defense World Staff
NetEase ( NASDAQ:NTES – Get Free Report ) is set to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $1.43 per share for the quarter.
Parties that wish to listen to the company’s conference call can do so using this link . NetEase ( NASDAQ:NTES – Get Free Report ) last posted its earnings results on Thursday, August 22nd. The technology company reported $12.
05 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $10.43.
The business had revenue of $25.49 billion during the quarter, compared to analyst estimates of $26.01 billion.
NetEase had a return on equity of 22.30% and a net margin of 26.98%.
During the same quarter last year, the company earned $1.75 EPS. The company’s quarterly revenue was up 6.
1% compared to the same quarter last year. On average, analysts expect NetEase to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year. NetEase Stock Down 0.
2 % Shares of NTES stock opened at $80.00 on Thursday. The firm has a market capitalization of $51.
37 billion, a PE ratio of 13.05, a P/E/G ratio of 1.75 and a beta of 0.
57. The company has a 50 day moving average price of $83.65 and a 200-day moving average price of $89.
70. NetEase has a 52 week low of $75.85 and a 52 week high of $118.
89. NetEase Cuts Dividend Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on NTES shares. Bank of America cut their price target on NetEase from $142.
00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. StockNews.
com cut NetEase from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 20th. Barclays cut their price target on NetEase from $104.00 to $82.
00 and set an “equal weight” rating for the company in a report on Monday, August 26th. Finally, Jefferies Financial Group lowered their price objective on NetEase from $126.00 to $103.
00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $112.
67. View Our Latest Analysis on NetEase NetEase Company Profile ( Get Free Report ) NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.
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