Analysts Expect NetEase, Inc. (NASDAQ:NTES) Will Announce Quarterly Sales of $3.46 Billion

Brokerages expect NetEase, Inc. (NASDAQ:NTESGet Rating) to announce sales of $3.46 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for NetEase’s earnings, with the highest sales estimate coming in at $3.46 billion and the lowest estimate coming in at $3.45 billion. NetEase reported sales of $3.18 billion during the same quarter last year, which indicates a positive year over year growth rate of 8.8%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that NetEase will report full year sales of $14.77 billion for the current fiscal year, with estimates ranging from $14.40 billion to $14.97 billion. For the next financial year, analysts expect that the business will report sales of $16.85 billion, with estimates ranging from $16.16 billion to $17.21 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover NetEase.

NetEase (NASDAQ:NTESGet Rating) last issued its quarterly earnings results on Tuesday, May 24th. The technology company reported $7.72 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $6.73. NetEase had a return on equity of 18.79% and a net margin of 19.25%. The firm had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. NetEase’s revenue for the quarter was up 14.8% on a year-over-year basis.

Several analysts recently commented on the company. HSBC lowered their target price on NetEase from $126.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday. 86 Research raised NetEase from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Friday, February 25th. The Goldman Sachs Group initiated coverage on NetEase in a research report on Sunday, April 10th. They set a “buy” rating and a $132.00 target price on the stock. JPMorgan Chase & Co. upgraded NetEase from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $120.00 in a report on Monday, May 16th. Finally, Citigroup lowered their target price on NetEase from $136.00 to $133.00 in a research note on Monday, February 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $126.63.

Shares of NASDAQ NTES traded up $2.51 during mid-day trading on Wednesday, hitting $104.00. The company had a trading volume of 2,422,394 shares, compared to its average volume of 2,552,948. The stock has a market cap of $69.67 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.19 and a beta of 0.41. NetEase has a 12 month low of $68.62 and a 12 month high of $119.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.24 and a quick ratio of 2.22. The firm’s 50 day simple moving average is $93.08 and its two-hundred day simple moving average is $97.25.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Wednesday, June 8th will be issued a $0.322 dividend. This represents a $1.29 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, June 7th. NetEase’s payout ratio is 41.49%.

A number of institutional investors have recently bought and sold shares of NTES. Invesco Ltd. lifted its position in NetEase by 28.5% during the third quarter. Invesco Ltd. now owns 22,229,170 shares of the technology company’s stock worth $1,898,373,000 after acquiring an additional 4,924,243 shares during the last quarter. Lone Pine Capital LLC raised its position in NetEase by 338.5% during the fourth quarter. Lone Pine Capital LLC now owns 4,452,541 shares of the technology company’s stock valued at $453,180,000 after purchasing an additional 3,437,153 shares in the last quarter. Krane Funds Advisors LLC grew its stake in shares of NetEase by 118.9% during the third quarter. Krane Funds Advisors LLC now owns 3,544,572 shares of the technology company’s stock worth $302,706,000 after buying an additional 1,925,039 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of NetEase by 129.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,505,490 shares of the technology company’s stock worth $255,009,000 after purchasing an additional 1,413,440 shares during the last quarter. Finally, GQG Partners LLC bought a new stake in shares of NetEase in the fourth quarter worth $112,165,000. Institutional investors and hedge funds own 21.18% of the company’s stock.

About NetEase (Get Rating)

NetEase, Inc provides online services focusing on gaming, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Games Services, Youdao, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers.

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