Sina Corporation (NASDAQ:SINA) will unveil its latest earnings on Monday, August 1, 2011. An online media company and mobile value-added information service provider in the People’s Republic of China and the global Chinese communities. Sohu.com, Inc. Quarterly Earnings Sneak Peek>>
Sina Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 18 cents per share, a decline of 55% 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 36 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 18 cents during the last month. For the year, analysts are projecting profit of 88 cents per share, a decline of 42.1% from last year.
Past Earnings Performance: The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by 2 cents as a result of reporting net income of 21 cents against an estimate of profit of 23 cents per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by one cent.
Wall St. Revenue Expectations: On average, analysts predict $114.8 million in revenue this quarter, a rise of 21.2% from the year ago quarter. Analysts are forecasting total revenue of $469.4 million for the year, a rise of 22.4% from last year’s revenue of $383.6 million.
Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.
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 13.1%, with the biggest boost coming in the most recent quarter when revenue rose 17.9% 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 June 27, 2011 to July 29, 2011, the stock price had risen $13.29 (14%) from $94.80 to $108.09. 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 $39.27(+57.06%) year to date.
(Source: Xignite Financials)