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

Sohu.com Inc. (NASDAQ:SOHU) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of ($1.25)-($1.00) for the period, compared to the Thomson Reuters consensus estimate of ($0.82). The company issued revenue guidance of $480-510 million, compared to the consensus revenue estimate of $502.20 million.

Sohu.com Inc. (SOHU) traded down 0.32% during midday trading on Friday, hitting $53.41. 248,457 shares of the stock were exchanged. Sohu.com Inc. has a one year low of $32.60 and a one year high of $58.98. The stock’s market cap is $2.08 billion. The firm has a 50-day moving average price of $50.36 and a 200-day moving average price of $43.99.

Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings results on Monday, July 31st. The information services provider reported ($1.85) EPS for the quarter, missing the consensus estimate of ($1.73) by $0.12. The business had revenue of $461.20 million during the quarter, compared to analysts’ expectations of $456.10 million. Sohu.com had a negative net margin of 17.93% and a negative return on equity of 19.12%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.61) EPS. On average, equities research analysts anticipate that Sohu.com Inc. will post ($5.73) EPS for the current fiscal year.

Several research firms have commented on SOHU. Zacks Investment Research cut Sohu.com from a hold rating to a sell rating in a report on Wednesday, June 28th. Morgan Stanley upgraded Sohu.com from an underweight rating to an equal weight rating and boosted their target price for the stock from $36.00 to $60.00 in a report on Tuesday, August 1st. ValuEngine upgraded Sohu.com from a strong sell rating to a sell rating in a report on Friday, June 2nd. BidaskClub cut Sohu.com from a buy rating to a hold rating in a report on Tuesday, July 25th. Finally, HSBC Holdings plc cut Sohu.com from a buy rating to a hold rating and boosted their target price for the stock from $48.00 to $57.00 in a report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $52.58.

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About Sohu.com

Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.

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