NetEase (NTES) Projected to Post Earnings on Thursday

NetEase (NASDAQ:NTES) is anticipated to release its earnings data before the market opens on Thursday, February 20th. Analysts expect NetEase to post earnings of $1.73 per share and revenue of $27.16 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

NetEase Stock Up 1.1 %

NTES stock opened at $104.63 on Wednesday. The business’s fifty day moving average is $97.36 and its 200-day moving average is $89.46. The company has a market cap of $67.19 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 3.44 and a beta of 0.58. NetEase has a twelve month low of $75.85 and a twelve month high of $114.50.

Analyst Ratings Changes

A number of research firms have recently weighed in on NTES. Citigroup increased their price target on NetEase from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com downgraded NetEase from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th. Morgan Stanley raised their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Benchmark reduced their target price on NetEase from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Bank of America lifted their target price on NetEase from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, NetEase has an average rating of “Moderate Buy” and a consensus price target of $110.00.

NetEase Company Profile

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.