NetEase (NTES) to Release Earnings on Thursday

NetEase (NASDAQ:NTES) is projected to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect NetEase to post earnings of $1.73 per share and revenue of $27.16 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

NetEase Trading Down 1.2 %

NASDAQ NTES opened at $103.50 on Tuesday. The firm has a market capitalization of $66.46 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 3.45 and a beta of 0.58. The firm’s 50 day simple moving average is $97.15 and its 200 day simple moving average is $89.26. NetEase has a 1 year low of $75.85 and a 1 year high of $114.50.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup increased their price target on shares of NetEase from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Benchmark cut their target price on shares of NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Bank of America raised their target price on shares of NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Morgan Stanley raised their target price on shares of NetEase from $108.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, NetEase presently has an average rating of “Moderate Buy” and an average target price of $110.00.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.