Friday, August 10, 2012 2:24:10 PM
By Derek Hoffman
August 10, 2012
http://wallstcheatsheet.com/stocks/netease-com-second-quarter-earnings-sneak-peek.html/?ref=YF
NetEase.com Inc (ADR) (NASDAQ:NTES) will unveil its latest earnings on Wednesday, August 15, 2012. NetEase.com is a China-based Internet technology company, which is engaged in the development of applications, services, and other technologies for the Internet in China.
NetEase.com Inc (ADR) Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.08 per share, a rise of 18.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.06. Between one and three months ago, the average estimate moved up. It has risen from $1.07 during the last month. Analysts are projecting profit to rise by 17.9% compared to last year’s $4.62.
Past Earnings Performance: Last quarter, the company beat estimates by 12 cents, coming in at net income of $1.14 a share versus the estimate of profit of $1.02 a share. It marked the fourth straight quarter of beating estimates.
A Look Back: In the first quarter, profit rose 32.8% to $149.5 million ($1.15 a share) from $112.6 million (88 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 36.3% to $312.1 million from $229.1 million.
Wall St. Revenue Expectations: Analysts are projecting a rise of 24.3% in revenue from the year-earlier quarter to $333.5 million.
Stock Price Performance: Between June 13, 2012 and August 9, 2012, the stock price had fallen $5.08 (-8.6%), from $59.26 to $54.18. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 17, 2011, when shares rose for 11 straight days, increasing 25.8% (+$9.37) over that span. It saw one of its worst periods between July 5, 2012 and July 17, 2012 when shares fell for nine straight days, dropping 11.9% (-$7.33) over that span.
Analyst Ratings: There are eight out of 13 analysts surveyed (61.5%) rating NetEase.com a buy.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 6.21 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company regressed in this liquidity measure from 6.34 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 7.8% to $391 million while assets rose 5.5% to $2.43 billion.
If at first you don’t succeed, try, try again. Then give up. There’s no sense being a fool about it.
Recent NTES News
- Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks • IH Market News • 08/30/2024 10:00:08 AM
- Form N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/29/2024 10:03:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/22/2024 10:01:44 AM
- U.S. Index Futures Rise Slightly as Market Eyes Fed, Earnings; Oil Prices Dip • IH Market News • 08/22/2024 09:38:54 AM
- NetEase Announces Second Quarter 2024 Unaudited Financial Results • PR Newswire (US) • 08/22/2024 09:01:00 AM
- Cloud Music Inc. Reports First Half 2024 Financial Results • PR Newswire (US) • 08/22/2024 08:55:00 AM
- U.S. Futures Steady Ahead of Fed Minutes, Oil Prices Stabilize • IH Market News • 08/21/2024 12:15:28 PM
- Cloud Music Inc. to Report First Half 2024 Financial Results on August 22, 2024 • PR Newswire (US) • 08/05/2024 10:10:00 AM
- NetEase to Report Second Quarter 2024 Financial Results on August 22 • PR Newswire (US) • 08/05/2024 08:30:00 AM
- Meta Unveils Llama 3 AI Model, Elon Musk’s X Poll Backs Tesla’s $5B xAI Investment, and More • IH Market News • 07/24/2024 09:53:32 AM
- NetEase Cloud Music Partners with Timbaland's Beatclub™ to Revolutionise China's Beat Marketplace • PR Newswire (US) • 07/17/2024 01:00:00 PM
- U.S. Futures Rise, Oil Prices Climb • IH Market News • 05/23/2024 11:35:54 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 10:02:17 AM
- NetEase Announces First Quarter 2024 Unaudited Financial Results • PR Newswire (US) • 05/23/2024 08:30:00 AM
- NetEase Showcases Latest Game Advancements at 2024 Annual Product Launch Event • PR Newswire (US) • 05/20/2024 08:00:00 PM
- Cloud Music Inc. Expands K-Pop Portfolio with Kakao Entertainment • PR Newswire (US) • 05/13/2024 04:00:00 AM
- NetEase to Report First Quarter 2024 Financial Results on May 23 • PR Newswire (US) • 05/06/2024 08:30:00 AM
- Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment Agreement • PR Newswire (US) • 04/30/2024 01:00:00 AM
- NetEase, Inc. Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023 and Publication of 2023 Environmental, Social and Governance Report • PR Newswire (US) • 04/25/2024 10:20:00 AM
- Pixelworks Brings New Mobile Gaming Experience to "Diablo Immortal", a Co-developed Game by Blizzard Entertainment and NetEase • PR Newswire (US) • 04/11/2024 01:00:00 AM
- Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News • IH Market News • 04/10/2024 11:13:48 AM
- NetEase Experts Spotlight Cutting-Edge Game Technology at GDC 2024 • PR Newswire (US) • 03/18/2024 11:00:00 AM
- Cloud Music Inc. Reports Fiscal Year 2023 Financial Results • PR Newswire (US) • 02/29/2024 08:50:00 AM
- NetEase Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results • PR Newswire (US) • 02/29/2024 08:30:00 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM