Can Sohu.com (SOHU) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape
Sohu.com Inc. (SOHU) is a leading Chinese internet portal 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 SOHU’s 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 Sohu.com could be a solid choice for investors.
Current Quarter Estimates for SOHU
In the past 30 days, though the number of estimate revisions for Sohu.com remained flat, the trend has been pretty favorable, with estimates narrowing from a loss of $1.85 a share 30 days ago, to a loss of $1.28 today, a move of 30.8%.
Current Year Estimates for SOHU
Meanwhile, Sohu.com’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month and 1 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.30 per share 30 days ago to a loss of $1.04 per share today, an increase of 20%.
Bottom Line
The stock has also started to move higher lately, adding 9.3% 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.
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SOHU.COM INC (SOHU): Free Stock Analysis Report
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