NetEase.com First Quarter Earnings Sneak Peek

NetEase.com Inc. (NASDAQ:NTES) will unveil its latest earnings on Wednesday, May 16, 2012. NetEase.com is a China-based Internet technology company, which is engaged in the development of applications, services, and other technologies for the Internet in China.

NetEase.com Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.02 per share, a rise of 18.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 99 cents. Between one and three months ago, the average estimate moved up. It has risen from $1.01 during the last month. Analysts are projecting profit to rise by 14% versus last year to $4.47.

Past Earnings Performance: Last quarter, the company beat estimates by 6 cents, coming in at net income of $1.09 a share versus the estimate of profit of $1.03 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 35.4% in revenue from the year-earlier quarter to $310.2 million.

Analyst Ratings: Of the 14 analysts surveyed, eight (57.1%) rate NetEase.com a buy. This falls under the mean analyst rating of nine competitors, which average 64.9% buy ratings.

Stock Price Performance: Between February 14, 2012 and May 10, 2012, the stock price rose $7.37 (15.1%), from $48.65 to $56.02. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 17, 2011, when shares rose for 11 straight days, increasing 25.8% (+$9.37) over that span. It saw one of its worst periods between September 14, 2011 and September 22, 2011 when shares fell for seven straight days, dropping 16.1% (-$7.71) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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