Netease.com, Inc. Second Quarter Earnings Sneak Peek

Netease.com, Inc. (NASDAQ:NTES) will unveil its latest earnings on Wednesday, August 17, 2011. NetEase.com, Inc. is a China-based Internet technology company, which is engaged in the development of applications, services and other technologies for the Internet in China.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Netease.com, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 78 cents per share, a rise of 41.8% 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 77 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting net income of $3.37 per share, a rise of 29.6% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 86 cents per share versus a mean estimate of net income of 71 cents per share.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Wall St. Revenue Expectations: On average, analysts predict $246.2 million in revenue this quarter, a rise of 27.6% from the year ago quarter. Analysts are forecasting total revenue of $1.05 billion for the year, a rise of 25.8% from last year’s revenue of $834.5 million.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

Key Stats:

The company’s revenue has now risen for two straight quarters. In first quarter, revenue increased 34.3% to $229.1 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure rose 97.5%.

Competitors to Watch: Sohu.com Inc. (NASDAQ:SOHU), Baidu.com, Inc. (NASDAQ:BIDU), SINA Corporation (NASDAQ:SINA), Giant Interactive Group Inc (NYSE:GA), Perfect World Co., Ltd. (NASDAQ:PWRD), Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA), The9 Limited (NASDAQ:NCTY), Shanda Games Limited (NASDAQ:GAME), and China Telecom Corp. Ltd. (NYSE:CHA).

Stock Price Performance: During August 8, 2011 to August 12, 2011, the stock price had risen $7.08 (17.1%) from $41.37 to $48.45. The stock price saw one of its best stretches over the last year between March 16, 2011 and April 5, 2011 when shares rose for 15-straight days, rising 21% (+$9) over that span. It saw one of its worst periods between May 9, 2011 and May 16, 2011 when shares fell for six-straight days, falling 4.9% (-$2.35) over that span. Shares are up $12.30 (+34%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.