Equities analysts expect Sohu.com Ltd – (NASDAQ:SOHU) to report earnings per share of ($1.47) for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Sohu.com’s earnings. Sohu.com posted earnings per share of ($2.38) during the same quarter last year, which would indicate a positive year over year growth rate of 38.2%. The firm is scheduled to issue its next quarterly earnings results on Friday, October 26th.
According to Zacks, analysts expect that Sohu.com will report full-year earnings of ($6.17) per share for the current year. For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.94) per share, with EPS estimates ranging from ($1.39) to ($0.48). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Sohu.com.
Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings data on Monday, July 30th. The information services provider reported ($1.27) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.50) by $0.23. Sohu.com had a negative return on equity of 19.39% and a negative net margin of 27.38%. The firm had revenue of $486.01 million during the quarter, compared to the consensus estimate of $506.79 million. During the same quarter in the previous year, the company posted ($1.85) EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year.
Several equities analysts have issued reports on SOHU shares. BidaskClub upgraded Sohu.com from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 22nd. ValuEngine downgraded Sohu.com from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $57.00.
Shares of SOHU opened at $17.13 on Thursday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.07. Sohu.com has a 52-week low of $16.20 and a 52-week high of $70.86. The firm has a market capitalization of $773.67 million, a price-to-earnings ratio of -1.95 and a beta of 0.88.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new stake in shares of Sohu.com during the second quarter worth $135,000. Koch Industries Inc. raised its position in shares of Sohu.com by 28.2% during the first quarter. Koch Industries Inc. now owns 10,388 shares of the information services provider’s stock worth $321,000 after acquiring an additional 2,286 shares during the last quarter. Global X Management Co LLC raised its position in shares of Sohu.com by 52.4% during the second quarter. Global X Management Co LLC now owns 9,217 shares of the information services provider’s stock worth $327,000 after acquiring an additional 3,169 shares during the last quarter. Element Capital Management LLC bought a new stake in shares of Sohu.com during the first quarter worth $335,000. Finally, Verition Fund Management LLC raised its position in shares of Sohu.com by 224.7% during the first quarter. Verition Fund Management LLC now owns 20,798 shares of the information services provider’s stock worth $643,000 after acquiring an additional 14,392 shares during the last quarter. Hedge funds and other institutional investors own 63.83% of the company’s stock.
Sohu.com Inc provides online media, search, and game services on personal computers (PCs), mobile devices, and tablets in the People's Republic of China. The company operates sohu.com, which provides online news and information; Sohu News APP, a mobile phone application, as well as m.sohu.com mobile portal; tv.sohu.com that offers online video content and service, as well as Sohu Video APP, a mobile phone application; and focus.cn, which provides online real estate information and services.
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