Sohu.com (NASDAQ:SOHU) Releases Q3 2019 Earnings Guidance

Sohu.com (NASDAQ:SOHU) issued an update on its third quarter 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $-0.8–0.55 for the period, compared to the Thomson Reuters consensus estimate of $-0.98. The company issued revenue guidance of $445-470 million, compared to the consensus revenue estimate of $499.03 million.Sohu.com also updated its Q3 guidance to ($0.80-0.55) EPS.

SOHU stock opened at $8.80 on Wednesday. Sohu.com has a 12-month low of $8.79 and a 12-month high of $24.84. 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 $479.38 million, a P/E ratio of -2.13 and a beta of 1.49. The business has a 50 day moving average of $13.32.

Sohu.com (NASDAQ:SOHU) last released its earnings results on Monday, August 5th. The information services provider reported ($1.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.55) by $0.28. Sohu.com had a negative net margin of 6.65% and a negative return on equity of 8.07%. The company had revenue of $474.76 million during the quarter, compared to the consensus estimate of $480.38 million. During the same quarter in the prior year, the firm earned ($1.27) EPS. The company’s revenue was down 2.3% compared to the same quarter last year. As a group, analysts expect that Sohu.com will post -5.17 EPS for the current fiscal year.

A number of equities research analysts have issued reports on SOHU shares. BidaskClub downgraded shares of Sohu.com from a sell rating to a strong sell rating in a research report on Tuesday, July 9th. ValuEngine upgraded shares of Sohu.com from a sell rating to a hold rating in a research report on Thursday, August 1st. 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.

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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