Changyou.Com (CYOU) Issues Q4 2018 Earnings Guidance

Changyou.Com (NASDAQ:CYOU) updated its fourth quarter 2018 earnings guidance on Monday. The company provided EPS guidance of $0.43-0.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $110-120 million, compared to the consensus revenue estimate of $116.86 million.Changyou.Com also updated its Q4 guidance to $0.43-0.52 EPS.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Changyou.Com from a sell rating to a hold rating in a research report on Tuesday. BidaskClub cut shares of Changyou.Com from a sell rating to a strong sell rating in a research report on Friday, July 13th. ValuEngine upgraded shares of Changyou.Com from a strong sell rating to a sell rating in a research report on Friday, November 2nd. Finally, Credit Suisse Group upgraded shares of Changyou.Com from an underperform rating to a neutral rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $28.83.

Shares of NASDAQ CYOU traded up $0.17 during mid-day trading on Wednesday, reaching $17.37. The company’s stock had a trading volume of 37,806 shares, compared to its average volume of 132,441. The stock has a market capitalization of $770.74 million, a price-to-earnings ratio of 8.51 and a beta of 0.57. Changyou.Com has a 1-year low of $12.68 and a 1-year high of $38.14.

Changyou.Com (NASDAQ:CYOU) last issued its earnings results on Monday, November 5th. The technology company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.59. The business had revenue of $117.96 million during the quarter, compared to analysts’ expectations of $108.70 million. Changyou.Com had a net margin of 8.28% and a return on equity of 3.92%. The company’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) earnings per share. Equities research analysts expect that Changyou.Com will post 1.14 earnings per share for the current fiscal year.

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Changyou.Com Company Profile

Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Others segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.

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