NetEase, Inc. (NASDAQ:NTES) Set to Announce Earnings on Tuesday
NetEase, Inc. (NASDAQ:NTES) will be posting its quarterly earnings results after the market closes on Tuesday, August 15th. Analysts expect NetEase to post earnings of $3.87 per share for the quarter.
Shares of NetEase, Inc. (NASDAQ:NTES) opened at 307.81 on Tuesday. NetEase, Inc. has a 12-month low of $197.00 and a 12-month high of $337.55. The stock has a market capitalization of $40.48 billion, a price-to-earnings ratio of 21.06 and a beta of 0.92.
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Several equities analysts have commented on NTES shares. Benchmark Co. started coverage on shares of NetEase in a research report on Tuesday, April 18th. They set a “buy” rating and a $325.00 price objective for the company. Jefferies Group LLC reiterated a “buy” rating and set a $300.00 price objective on shares of NetEase in a research report on Wednesday, April 26th. BidaskClub lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Nomura reiterated a “hold” rating and set a $297.00 price objective (down previously from $305.00) on shares of NetEase in a research report on Thursday, May 11th. Finally, Instinet reiterated a “buy” rating and set a $307.00 price objective on shares of NetEase in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. NetEase has a consensus rating of “Buy” and an average target price of $298.02.
NetEase Company Profile
NetEase, Inc (NetEase) is a technology company. The Company operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Company operates through three segments: Online Game Services; Advertising Services, and E-mail, E-commerce and Others.
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