NetEase's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
NetEase (NASDAQ:NTES) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $1.73. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows NetEase has a pattern of beating EPS estimates, which often leads to a positive stock price reaction. The company's shares have seen a 32.38% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
February 28, 2024 | 6:01 pm
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NetEase is expected to report an EPS of $1.73 for the upcoming quarter. Historical performance shows a trend of beating estimates and positive stock price reactions. With shares up 32.38% over the last year, a beat or positive guidance could further boost investor confidence.
Given NetEase's history of beating EPS estimates and the subsequent positive reactions in its stock price, there's a strong likelihood of a positive short-term impact if the company reports a beat or provides optimistic guidance. The 32.38% year-over-year stock increase reflects a bullish sentiment that could be bolstered by favorable earnings news.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100