NetEase (NTES) to Release Quarterly Earnings on Wednesday

NetEase (NASDAQ:NTES) will issue its quarterly earnings data after the market closes on Wednesday, May 16th. Analysts expect the company to announce earnings of $2.07 per share for the quarter.

Shares of NTES opened at $267.70 on Monday. The firm has a market cap of $34.14 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.64 and a beta of 0.89. NetEase has a twelve month low of $243.99 and a twelve month high of $377.64.

NTES has been the subject of several analyst reports. Goldman Sachs reissued a “buy” rating and set a $432.00 price target (up previously from $340.00) on shares of NetEase in a research report on Thursday, January 18th. They noted that the move was a valuation call. Vetr raised shares of NetEase from a “buy” rating to a “strong-buy” rating and set a $363.00 price target for the company in a research report on Tuesday, January 30th. JPMorgan Chase initiated coverage on shares of NetEase in a research report on Thursday, April 12th. They set an “underweight” rating and a $240.00 price target for the company. BidaskClub cut shares of NetEase from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Finally, Zacks Investment Research raised shares of NetEase from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. NetEase presently has a consensus rating of “Hold” and an average target price of $337.47.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; Advertising Services; and E-mail, E-commerce and Others segments. It offers PC-client massively multi-player online role-playing games and mobile games; and distributes its point cards to gamers.

Earnings History for NetEase (NASDAQ:NTES)

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