Perfect World Co. (PWRD) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS
Perfect World Co. (NASDAQ:PWRD) posted its quarterly earnings results on Monday. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.11, Analyst Ratings.Net reports. The company had revenue of $143.30 million for the quarter, compared to the consensus estimate of $140.70 million.
A number of research firms have recently commented on PWRD. Analysts at TheStreet upgraded shares of Perfect World Co. from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. On the ratings front, analysts at Credit Suisse initiated coverage on shares of Perfect World Co. in a research note on Thursday, March 13th. They set an “outperform” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of Perfect World Co. from $25.00 to $27.00 in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $20.63.
Perfect World Co. (NASDAQ:PWRD) traded up 4.32% on Monday, hitting $18.34. The stock had a trading volume of 890,641 shares. Perfect World Co. has a 52 week low of $12.00 and a 52 week high of $26.25. The stock’s 50-day moving average is $18.99 and its 200-day moving average is $19.42. The company has a market cap of $905.9 million and a price-to-earnings ratio of 9.99.
Perfect World Co, Ltd. is an online game developer and operator in People’s Republic of China. The Company primarily develops online games based on its game engines and game development platforms.
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