SouFun Holdings Limited (SFUN) Set to Announce Quarterly Earnings on Wednesday
SouFun Holdings Limited (NYSE:SFUN) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, August 23rd. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
SouFun Holdings Limited (NYSE:SFUN) last released its quarterly earnings data on Tuesday, June 20th. The information services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.01. SouFun Holdings Limited had a negative net margin of 8.27% and a negative return on equity of 14.64%. The company had revenue of $109.80 million for the quarter, compared to analysts’ expectations of $123.73 million. During the same period in the previous year, the firm earned ($0.23) earnings per share. The firm’s revenue for the quarter was down 46.3% on a year-over-year basis. On average, analysts expect SouFun Holdings Limited to post $0.09 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.
SouFun Holdings Limited (NYSE:SFUN) opened at 3.40 on Wednesday. SouFun Holdings Limited has a 12-month low of $2.46 and a 12-month high of $4.81. The stock’s 50 day moving average is $3.20 and its 200 day moving average is $3.29. The stock’s market capitalization is $1.50 billion.
A number of analysts recently commented on SFUN shares. Zacks Investment Research upgraded shares of SouFun Holdings Limited from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Wednesday, July 5th. Bank of America Corporation reiterated a “buy” rating and issued a $4.60 target price (down from $5.00) on shares of SouFun Holdings Limited in a research note on Wednesday, June 21st. T.H. Capital lowered their target price on shares of SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating for the company in a research note on Friday, June 16th. Benchmark Co. initiated coverage on shares of SouFun Holdings Limited in a research report on Tuesday, April 18th. They set a “hold” rating for the company. Finally, UBS AG lowered shares of SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $3.84.
About SouFun Holdings Limited
Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China.
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