NetEase Inc expected to post earnings of CNY2.33 a share - Earnings Preview

NetEase

27/02/2024 13:33

* NetEase Inc  9999.HK   is expected to show a rise in
quarterly
revenue when it reports  results on February 29 for the period
ending December 31 2023
    * The Hangzhou Zhejiang-based  company is expected to report
a
11.1% increase in revenue to CNY28.18 billion from CNY25.35
billion a year ago, according to the mean estimate from 9
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for NetEase Inc is for
earnings of
CNY2.33 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$207.00​, above​ its last closing price of HK$169.00. ​​​

Previous quarterly performance (using preferred earnings measure
in Chinese yuan renminbi). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  1.74        1.76       1.47      Missed  -16.2
 ​​Sep.        1.48        1.52       2.27      Beat    49
 30 2022                                                
 Jun. 30 2022  1.40        1.42       1.64      Beat    15.5​
 Mar. 31 2022  1.61        1.61       1.54      Missed  -4.1
 Dec. 31 2021  1.48        1.45       1.98      Beat    36.8
 This summary was machine generated February 27 at 13:32 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)