Sohu.com Ltd – (NASDAQ:SOHU) Expected to Announce Earnings of -$1.55 Per Share

Wall Street brokerages forecast that Sohu.com Ltd – (NASDAQ:SOHU) will report ($1.55) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Sohu.com’s earnings. Sohu.com reported earnings per share of ($1.23) in the same quarter last year, which suggests a negative year over year growth rate of 26%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Monday, August 5th.

According to Zacks, analysts expect that Sohu.com will report full-year earnings of ($5.17) per share for the current fiscal year, with EPS estimates ranging from ($5.51) to ($4.82). For the next financial year, analysts expect that the firm will report earnings of ($3.60) per share, with EPS estimates ranging from ($4.98) to ($2.21). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sohu.com.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings data on Monday, April 29th. The information services provider reported ($1.44) EPS for the quarter, topping analysts’ consensus estimates of ($1.51) by $0.07. The firm had revenue of $431.38 million for the quarter, compared to analyst estimates of $404.96 million. Sohu.com had a negative net margin of 6.65% and a negative return on equity of 8.07%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.39) EPS.

Several research analysts have recently issued reports on SOHU shares. BidaskClub cut shares of Sohu.com from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 9th. ValuEngine upgraded shares of Sohu.com from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of Sohu.com from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a research note on Wednesday, June 12th.

Shares of Sohu.com stock traded up $0.10 on Friday, hitting $12.27. The company had a trading volume of 35,357 shares, compared to its average volume of 260,848. The business has a 50-day simple moving average of $13.62. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.15. The stock has a market cap of $480.18 million, a P/E ratio of -2.98 and a beta of 1.48. Sohu.com has a 52 week low of $12.06 and a 52 week high of $25.96.

Several institutional investors and hedge funds have recently made changes to their positions in SOHU. Aperio Group LLC acquired a new position in Sohu.com in the 2nd quarter valued at $33,000. BNP Paribas Arbitrage SA grew its stake in Sohu.com by 21,794.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,941 shares of the information services provider’s stock valued at $55,000 after buying an additional 3,923 shares during the last quarter. Segantii Capital Management Ltd grew its stake in Sohu.com by 16.7% in the 2nd quarter. Segantii Capital Management Ltd now owns 6,230 shares of the information services provider’s stock valued at $87,000 after buying an additional 890 shares during the last quarter. NumerixS Investment Technologies Inc grew its position in Sohu.com by 53.8% in the 1st quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the information services provider’s stock worth $96,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Sohu.com in the 1st quarter worth $97,000. Institutional investors own 55.14% of the company’s stock.

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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