QIHOO 360 Technology First Quarter Earnings Sneak Peek

QIHOO 360 Technology Co. Ltd. (NYSE:QIHU) will unveil its latest earnings on Tuesday, May 22, 2012.

QIHOO 360 Technology Co. Ltd. Earnings Preview Cheat Sheet

During the past three months, the average estimate has moved up from 9 cents. Between one and three months ago, the average estimate moved up. It has dropped from 11 cents during the last month. For the year, analysts are projecting profit of 52 cents per share, a rise of more than threefold from last year.

Past Earnings Performance: Last quarter, the company reported net income of 13 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts are projecting a rise of more than twofold in revenue from the year-earlier quarter to $60.5 million.

Analyst Ratings: Analysts are optimistic about this stock, with seven analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit remained level at $15 million (13 cents a share) from the year earlier, beating analyst estimates. Revenue remained steady at $62.3 million.

Stock Price Performance: Between February 21, 2012 and May 16, 2012, the stock price rose $3.55 (20.7%), from $17.17 to $20.72. The stock price saw one of its best stretches over the last year between March 19, 2012 and March 26, 2012, when shares rose for six straight days, increasing 16.2% (+$3.62) over that span. It saw one of its worst periods between September 13, 2011 and September 22, 2011 when shares fell for eight straight days, dropping 22.7% (-$4.99) over that span.

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

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