Netease will report financial results for the fourth quarter and fiscal year 2021 on Feb 24 before the market open.
NetEase last announced its earnings results on Monday, November 15th. The technology company reported $5.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $5.07. The company had revenue of $22.19 billion for the quarter, compared to analyst estimates of $21.23 billion. NetEase had a return on equity of 14.17% and a net margin of 14.62%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share.
Earnings per Share
Wall Street analysts forecast that NetEase will post $0.78 earnings per share (EPS) for the current quarter, Zacks Investment Research reports.
Two analysts have provided estimates for NetEase’s earnings. The lowest EPS estimate is $0.74 and the highest is $0.81. NetEase reported earnings of $0.22 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 254.5%.
On average, analysts expect that NetEase will report full-year earnings of $3.35 per share for the current fiscal year, with EPS estimates ranging from $3.32 to $3.40.
For the next fiscal year, analysts anticipate that the firm will post earnings of $4.07 per share, with EPS estimates ranging from $3.83 to $4.38. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow NetEase.
Analysts Ratings on Netease Stock
CLSA lowered their target price on NetEase from $143.00 to $134.00 and set a “buy” rating on the stock in a research note on Wednesday, November 17th.
Bank of America increased their price target on NetEase from $128.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, November 17th.
Citigroup reduced their price target on NetEase from $142.00 to $136.00 and set a “buy” rating on the stock in a research report on Wednesday, November 17th.
Finally, Zacks Investment Research raised NetEase from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Thursday, January 20th.
One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NetEase presently has an average rating of “Buy” and an average price target of $133.25.
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