NetEase Inc expected to post earnings of CNY2.24 a share - Earnings Preview

NetEase

21/05/2024 13:52

* NetEase Inc  9999.HK   is expected to show a rise in
quarterly
revenue when it reports  results on May 23 for the period ending
March 31 2024
    * The Hangzhou Zhejiang-based  company is expected to report
a
8.2% increase in revenue to $27.111 billion from $25.05 billion
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for NetEase Inc is for
earnings of
CNY2.24 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 23 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for NetEase Inc
is
HK$207.50​, above​ its last closing price of HK$158.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.47        2.33       2.27      Missed  -2.5
 Sep. 30 2023  2.36        2.39       2.66      Beat    11.5
 Jun. 30 2023  1.66        1.65       2.73      Beat    65.1​
 Mar. 31 2023  1.64        1.62       2.32      Beat    43.7
 ​​Dec.        1.74        1.76       1.47      Missed  -16.2
 31 2022                                                
 Sep. 30 2022  1.48        1.52       2.27      Beat    49​
 Jun. 30 2022  1.40        1.42       1.64      Beat    15.5
 Mar. 31 2022  1.61        1.61       1.54      Missed  -4.1
 This summary was machine generated May 21 at 12:52 GMT.  All
figures in Chinese yuan renminbi unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)