Brokerages predict that Sohu.com Ltd – (NASDAQ:SOHU) will post ($1.55) earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Sohu.com’s earnings. Sohu.com reported earnings of ($1.23) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 26%. The business is expected to report its next earnings results on Monday, July 29th.
According to Zacks, analysts expect that Sohu.com will report full-year earnings of ($5.17) per share for the current financial year, with EPS estimates ranging from ($5.51) to ($4.82). For the next fiscal year, analysts anticipate that the business will report earnings of ($3.60) per share, with EPS estimates ranging from ($4.98) to ($2.21). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sohu.com.
Sohu.com (NASDAQ:SOHU) last released its earnings results on Monday, April 29th. The information services provider reported ($1.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.51) by $0.07. The business had revenue of $431.38 million for the quarter, compared to analyst estimates of $404.96 million. Sohu.com had a negative return on equity of 8.07% and a negative net margin of 6.65%. Sohu.com’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.39) earnings per share.
Several research analysts have recently weighed in on SOHU shares. BidaskClub lowered Sohu.com from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Zacks Investment Research upgraded Sohu.com from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Monday, January 28th. Finally, ValuEngine upgraded Sohu.com from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th.
Several institutional investors have recently added to or reduced their stakes in SOHU. Legal & General Group Plc grew its stake in shares of Sohu.com by 18.0% in the 3rd quarter. Legal & General Group Plc now owns 3,893 shares of the information services provider’s stock worth $77,000 after buying an additional 593 shares in the last quarter. NumerixS Investment Technologies Inc boosted its stake in shares of Sohu.com by 53.8% in the first quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the information services provider’s stock valued at $96,000 after purchasing an additional 2,100 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Sohu.com by 148.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,206 shares of the information services provider’s stock valued at $103,000 after purchasing an additional 3,713 shares during the period. Majedie Asset Management Ltd boosted its stake in shares of Sohu.com by 3.1% in the first quarter. Majedie Asset Management Ltd now owns 170,253 shares of the information services provider’s stock valued at $2,825,000 after purchasing an additional 5,168 shares during the period. Finally, Segantii Capital Management Ltd purchased a new position in shares of Sohu.com in the first quarter valued at approximately $89,000. 56.32% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:SOHU traded down $0.48 on Friday, hitting $13.63. The company’s stock had a trading volume of 650,511 shares, compared to its average volume of 355,017. The firm has a market capitalization of $530.44 million, a price-to-earnings ratio of -3.30 and a beta of 1.26. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.15. Sohu.com has a one year low of $13.57 and a one year high of $42.12.
Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China. The company provides online news and information through a mobile phone application, Sohu News APP; sohu.com for PCs; and m.sohu.com mobile portal, as well as online video content and service through tv.sohu.com for PCs, as well as Sohu Video APP mobile phone application.
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