Sina Corp Quarterly Earnings Release on Deck

Sina Corporation (NASDAQ:SINA) will unveil its latest earnings tomorrow, November 8th, 2011. SINA is an online media company and mobile value-added information service provider in the People’s Republic of China and the global Chinese communities.

Sina Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 16 cents per share, a decline of 66.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 24 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 16 cents during the last month. Analysts are projecting profit to rise by 55.3% versus last year to 68 cents.

Past Earnings Performance: The company showed profit of 15 cents per share versus a mean estimate of net income of last quarter. This marks the fourth month of falling short of estimates.

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Wall St. Revenue Expectations: On average, analysts predict $124.7 million in revenue this quarter, a rise of 20.4% from the year ago quarter. Analysts are forecasting total revenue of $463.2 million for the year, a rise of 20.7% from last year’s revenue of $383.6 million.

Analyst Ratings: 10 out of 16 analysts surveyed (62.5%) have a buy rating on Sina.. This is below the mean analyst rating of 10 competitors, which average 67.5% buy ratings.

A Look Back: In the second quarter, profit fell 60.5% to $10 million (15 cents a share) from $25.2 million (38 cents a share) the year earlier, missing analyst expectations. Revenue rose 19.7% to $119 million from $99.4 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 15.5%, with the biggest boost coming in the most recent quarter when revenue rose 19.7% from the year earlier quarter.

Competitors to Watch: Sohu.com Inc. (NASDAQ:SOHU), Baidu.com, Inc. (NASDAQ:BIDU), Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), NetEase.com, Inc. (NASDAQ:NTES), Youku.com Inc (NYSE:YOKU), Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA), Rediff.com India Ltd. (NASDAQ:REDF), and AOL, Inc. (NYSE:AOL).

Stock Price Performance: During September 7, 2011 to November 7, 2011, the stock price had fallen $25.71 (-23.5%) from $109.20 to $83.49. The stock price saw one of its best stretches over the last year between May 23, 2011 and June 2, 2011 when shares rose for eight-straight days, rising 14.8% (+$16.14) over that span. It saw one of its worst periods between June 2, 2011 and June 13, 2011 when shares fell for eight-straight days, falling 31.2% (-$39.03) over that span. Shares are up $14.67 (+21.32%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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