Wall Street brokerages expect that NetEase Inc (NASDAQ:NTES) will post earnings per share of $2.77 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for NetEase’s earnings. The highest EPS estimate is $2.80 and the lowest is $2.73. NetEase reported earnings per share of $3.43 in the same quarter last year, which suggests a negative year over year growth rate of 19.2%. The business is expected to issue its next quarterly earnings results on Wednesday, November 21st.

On average, analysts expect that NetEase will report full-year earnings of $10.49 per share for the current year, with EPS estimates ranging from $10.42 to $10.56. For the next year, analysts forecast that the company will report earnings of $13.17 per share, with EPS estimates ranging from $13.11 to $13.22. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for NetEase.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported $2.44 EPS for the quarter, topping the consensus estimate of $1.62 by $0.82. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.61 billion. NetEase had a net margin of 11.49% and a return on equity of 14.57%.

Several brokerages have commented on NTES. Barclays reiterated a “hold” rating and issued a $275.00 price target (up previously from $255.00) on shares of NetEase in a research note on Saturday, July 28th. JPMorgan Chase & Co. upgraded shares of NetEase from an “underweight” rating to an “overweight” rating and set a $185.00 price target on the stock in a research note on Tuesday, July 3rd. BidaskClub upgraded shares of NetEase from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut shares of NetEase from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine cut shares of NetEase from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $318.62.

Shares of NTES stock opened at $210.17 on Wednesday. The firm has a market capitalization of $27.84 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 1.36 and a beta of 0.79. NetEase has a 52 week low of $184.60 and a 52 week high of $377.64.

Several hedge funds and other institutional investors have recently made changes to their positions in NTES. Banco de Sabadell S.A purchased a new stake in shares of NetEase during the 1st quarter valued at about $100,000. Tower Research Capital LLC TRC purchased a new stake in shares of NetEase during the 2nd quarter valued at about $108,000. Northwestern Mutual Wealth Management Co. raised its position in shares of NetEase by 96.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 462 shares of the technology company’s stock valued at $117,000 after buying an additional 227 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of NetEase by 286.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 41,639 shares of the technology company’s stock valued at $151,000 after buying an additional 30,861 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of NetEase during the 2nd quarter valued at about $167,000. Hedge funds and other institutional investors own 45.52% of the company’s stock.

About NetEase

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates through Online Game Services; E-Commerce; Advertising Services; and Email and Others segments. 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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Earnings History and Estimates for NetEase (NASDAQ:NTES)

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