Sina First Quarter Earnings Sneak Peek

Sina Corporation (NASDAQ:SINA) will unveil its latest earnings on Tuesday, May 15, 2012. 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 loss of 27 cents per share, a swing from profit of 21 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 12 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 25 cents during the last month. Analysts are projecting profit to rise by 79.7% compared to last year’s 14 cents.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 13 cents per share against a mean estimate of 16 cents. Two quarters ago, it beat expectations by one cent with profit of 17 cents.

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Wall St. Revenue Expectations: On average, analysts predict $102.6 million in revenue this quarter, a rise of 7.4% from the year-ago quarter. Analysts are forecasting total revenue of $545.3 million for the year, a rise of 17.5% from last year’s revenue of $464.1 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.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a profit of $9.3 million (16 cents a share) from a loss of $100 million ($1.54) a year earlier, but missed analyst estimates. Revenue rose 21.3% to $133.4 million from $110 million.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 19.8% over the last four quarters.

Stock Price Performance: Between March 13, 2012 and May 9, 2012, the stock price had fallen $19.94 (-26.5%), from $75.35 to $55.41. 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, increasing 14.8% (+$16.14) over that span. It saw one of its worst periods between April 12, 2012 and April 23, 2012 when shares fell for eight straight days, dropping 13.2% (-$8.59) over that span.

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

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