SINA Corp (SINA) to Release Quarterly Earnings on Thursday
SINA Corp (NASDAQ:SINA) will be issuing its Q214 quarterly earnings data on Thursday, August 14th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $180.03 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
SINA Corp (NASDAQ:SINA) last released its earnings data on Wednesday, May 21st. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.15. The company had revenue of $171.50 million for the quarter, compared to the consensus estimate of $165.03 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. On average, analysts expect SINA Corp to post $0.79 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.
Shares of SINA Corp (NASDAQ:SINA) opened at 47.86 on Wednesday. SINA Corp has a 52 week low of $42.40 and a 52 week high of $92.83. The stock’s 50-day moving average is $48.19 and its 200-day moving average is $54.93. The company has a market cap of $3.160 billion and a price-to-earnings ratio of 139.39.
A number of analysts have recently weighed in on SINA shares. Analysts at T.H. Capital downgraded shares of SINA Corp to a “hold” rating in a research note on Monday. On a related note, analysts at TH Capital downgraded shares of SINA Corp from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $75.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of SINA Corp in a research note on Thursday, July 24th. They now have a $52.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $79.40.
SINA Corporation (NASDAQ:SINA), incorporated on July 9, 1997, is an online media company serving China and the global Chinese communities.
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