Analysts predict that NetEase Inc (NASDAQ:NTES) will post earnings per share of $2.38 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for NetEase’s earnings. The highest EPS estimate is $2.58 and the lowest is $2.17. NetEase posted earnings per share of $3.15 during the same quarter last year, which would indicate a negative year-over-year growth rate of 24.4%. The company is scheduled to report its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that NetEase will report full year earnings of $8.77 per share for the current year, with EPS estimates ranging from $8.08 to $10.23. For the next fiscal year, analysts forecast that the company will report earnings of $10.19 per share, with EPS estimates ranging from $8.48 to $12.39. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow NetEase.

NetEase (NASDAQ:NTES) last announced its quarterly earnings results on Wednesday, May 15th. The technology company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.89. NetEase had a return on equity of 17.05% and a net margin of 10.94%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company earned $1.59 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Benchmark restated a “buy” rating and issued a $305.00 price target (up from $295.00) on shares of NetEase in a report on Thursday, May 16th. China Renaissance Securities upgraded NetEase from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, ValuEngine upgraded XPO Logistics from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $276.55.

Shares of NetEase stock traded down $1.12 during trading hours on Friday, hitting $238.96. The company’s stock had a trading volume of 503,574 shares, compared to its average volume of 395,111. NetEase has a 12 month low of $184.60 and a 12 month high of $289.68. The stock has a 50 day simple moving average of $258.31. The company has a market capitalization of $31.38 billion, a P/E ratio of 34.78, a PEG ratio of 1.83 and a beta of 0.85.

Several large investors have recently bought and sold shares of the stock. QS Investors LLC grew its holdings in shares of NetEase by 7.1% during the fourth quarter. QS Investors LLC now owns 750 shares of the technology company’s stock worth $177,000 after buying an additional 50 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in NetEase by 2.9% in the first quarter. Wetherby Asset Management Inc. now owns 1,764 shares of the technology company’s stock valued at $426,000 after purchasing an additional 50 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in NetEase by 8.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 1,137 shares of the technology company’s stock valued at $275,000 after purchasing an additional 84 shares in the last quarter. TD Asset Management Inc. grew its stake in NetEase by 4.1% in the first quarter. TD Asset Management Inc. now owns 2,264 shares of the technology company’s stock valued at $547,000 after purchasing an additional 90 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in NetEase by 2.0% in the first quarter. Assenagon Asset Management S.A. now owns 5,200 shares of the technology company’s stock valued at $1,256,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 45.93% of the company’s stock.

NetEase Company Profile

NetEase, Inc operates an interactive online community in the People's Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services. It offers various games in a range of genres through mobile devices and PCs, including role-playing games, MMORPGs, battle arena games, simulation games, collectible card games, first-person shooter games, sandbox games, and other types of games to the Chinese market.

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