Brokerages Anticipate NetEase Inc (NTES) Will Post Quarterly Sales of $2.71 Billion

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Equities research analysts expect NetEase Inc (NASDAQ:NTES) to announce $2.71 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for NetEase’s earnings, with estimates ranging from $2.63 billion to $2.80 billion. NetEase reported sales of $2.26 billion in the same quarter last year, which would suggest a positive year over year growth rate of 19.9%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 15th.

According to Zacks, analysts expect that NetEase will report full-year sales of $12.29 billion for the current financial year, with estimates ranging from $11.99 billion to $12.46 billion. For the next fiscal year, analysts forecast that the business will post sales of $14.52 billion, with estimates ranging from $14.17 billion to $14.89 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow NetEase.

NetEase (NASDAQ:NTES) last released its quarterly earnings data on Wednesday, February 20th. The technology company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.41. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.91 billion. NetEase had a return on equity of 13.60% and a net margin of 9.12%. During the same period last year, the firm posted $2.18 earnings per share.

NTES has been the topic of several research analyst reports. Zacks Investment Research raised NetEase from a “hold” rating to a “strong-buy” rating and set a $289.00 price objective on the stock in a research note on Wednesday, February 6th. BidaskClub raised NetEase from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. TH Capital lifted their price target on NetEase from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Monday. Barclays lifted their price target on NetEase from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday. They noted that the move was a valuation call. Finally, Jefferies Financial Group lowered NetEase from a “buy” rating to a “hold” rating and set a $245.00 price target on the stock. in a research note on Thursday, February 21st. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. NetEase has an average rating of “Buy” and a consensus price target of $277.45.

Several institutional investors and hedge funds have recently modified their holdings of NTES. Lindbrook Capital LLC bought a new position in shares of NetEase during the fourth quarter worth about $31,000. Lavaca Capital LLC bought a new position in shares of NetEase during the fourth quarter worth about $62,000. Atlas Capital Advisors LLC bought a new position in shares of NetEase during the fourth quarter worth about $64,000. Quadrant Capital Group LLC raised its position in shares of NetEase by 775.9% during the fourth quarter. Quadrant Capital Group LLC now owns 508 shares of the technology company’s stock worth $116,000 after acquiring an additional 450 shares during the last quarter. Finally, Stelac Advisory Services LLC bought a new position in shares of NetEase during the fourth quarter worth about $119,000. Institutional investors own 44.96% of the company’s stock.

NASDAQ:NTES opened at $262.04 on Thursday. The stock has a market capitalization of $33.43 billion, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 24.89 and a beta of 0.81. NetEase has a twelve month low of $184.60 and a twelve month high of $289.68.

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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