NetEase Inc expected to post earnings of CNY2.43 a share - Earnings Preview

NetEase

20/08/2024 14:18

* NetEase Inc  9999.HK   is expected to show a rise in
quarterly
revenue when it reports  results on August 22 for the period
ending June 30 2024
    * The Hangzhou Zhejiang-based  company is expected to report
a
8.3% increase in revenue to CNY26.013 billion from CNY24.01
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
CNY2.43 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 21 "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$201.11​, above​ its last closing price of HK$141.90. ​​​

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  
 Mar. 31 2024  2.45        2.24       2.62      Beat    17.1
 Jan. 1 2024   2.47        2.33       2.27      Missed  -2.5
 Jan. 1 0001   2.36        2.39       2.66      Beat    11.5​
 Jun. 30 2023  1.66        1.65       2.73      Beat    65.1
 ​​Mar.        1.64        1.62       2.32      Beat    43.7
 31 2023                                                
 Dec. 31 2022  1.74        1.76       1.47      Missed  -16.2​
 Sep. 30 2022  1.48        1.52       2.27      Beat    49
 Jun. 30 2022  1.40        1.42       1.64      Beat    15.5
 This summary was machine generated August 20 at 13:18 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)