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Why NetEase (NTES) Could Be Positioned for a Surge
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NetEase, Inc. (NTES - Free Report) is a provider of internet technology service that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NTES’ earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that NetEase could be a solid choice for investors.
Current Quarter Estimates for NTES
In the past 30 days, two estimates have gone higher for NetEase while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $3.40 a share 30 days ago, to $4.24 today, a move of 24.7%.
Current Year Estimates for NTES
Meanwhile, NetEase’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $14.65 per share 30 days ago to $16.35 per share today, an increase of 11.6%.
The stock has also started to move higher lately, adding 14.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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Why NetEase (NTES) Could Be Positioned for a Surge
NetEase, Inc. (NTES - Free Report) is a provider of internet technology service that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NTES’ earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that NetEase could be a solid choice for investors.
Current Quarter Estimates for NTES
In the past 30 days, two estimates have gone higher for NetEase while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $3.40 a share 30 days ago, to $4.24 today, a move of 24.7%.
Current Year Estimates for NTES
Meanwhile, NetEase’s current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $14.65 per share 30 days ago to $16.35 per share today, an increase of 11.6%.
NetEase, Inc. Price and Consensus
NetEase, Inc. Price and Consensus | NetEase, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 14.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>