NetEase (NTES) Expected to Announce Earnings on Thursday

NetEase (NASDAQ:NTES) is expected to be releasing its earnings data 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

NetEase Stock Performance

Shares of NASDAQ NTES opened at $109.14 on Thursday. NetEase has a fifty-two week low of $75.85 and a fifty-two week high of $114.50. The stock has a market cap of $70.09 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 3.45 and a beta of 0.58. The firm’s 50-day simple moving average is $96.25 and its 200 day simple moving average is $88.97.

Analysts Set New Price Targets

Several research firms have commented on NTES. Citigroup lifted their target price 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. Morgan Stanley lifted their target price on shares of NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday. Benchmark dropped 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 cut shares of NetEase from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th. Finally, Bank of America raised their price target on shares of NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

About NetEase

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.