NetEase Inc reports results for the quarter - Earnings Summary

NetEase

14/11/2024 20:54

* NetEase Inc  9999.HK  reported quarterly adjusted earnings
of
$2.33​​ per share for the quarter , lower than the same quarter
last year, when the company reported EPS of CNY2.66.  The mean
expectation of six analysts for the quarter was for earnings of
$2.23 per share. Wall Street expected results to range from
$1.72  to CNY2.64 per share.
    * Revenue fell 3.9% to $26.21 billion from a year ago;
analysts
expected CNY27.09 billion. 
    * NetEase Inc's reported EPS for the quarter was $2.03​.
    * The company reported quarterly net income of $6.54
billion.
    * NetEase Inc shares had fallen by 19.9% this quarter and
lost 14.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 20 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

This summary was machine generated from LSEG data November 14 at
08:54 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      2.23           2.33           Beat
 Jun. 30 2024      2.43           2.41           Missed
 Mar. 31 2024      2.24           2.62           Beat
 Dec. 31 2023      2.33           2.27           Missed