Analysts Anticipate Sohu.com Ltd – (SOHU) to Post -$1.55 EPS

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.

About Sohu.com

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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