NetEase Stock Has a Lot to Prove on Wednesday
We're in the late innings of earnings season, but we still have a few companies stepping up with fresh financials this week. NetEase (NASDAQ: NTES) will post its third-quarter results after Wednesday's market close. It will host its conference call to discuss its performance later that evening.
Analysts see a 37% surge in revenue for the period. NetEase Games -- now accounting for more than two-thirds of its revenue -- should continue to be the key driver. Analysts see a decline in adjusted earnings, something that isn't really a surprise as the gaming market's focus has shifted to lower-margin mobile games over traditional PC-based diversions.
Image source: NetEase. Image source: NetEase.
Source: Fool.com
Netease Inc. ADR Stock
€91.50
1.110%
Netease Inc. ADR is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
As a result the target price of 119 € shows a positive potential of 30.05% compared to the current price of 91.5 € for Netease Inc. ADR.
