Analysts Estimate Report : What to Look Out for SINA (NASDAQ:SINA)

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Earnings results for SINA (NASDAQ:SINA)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.04 and remained the same over the past month at 0.04. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 0.26 and remained the same over the past month at 0.26 . none raised and none lowered their forecast.

SINA last announced its earnings results on May 19th, 2020. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.18. The firm earned $435.10 million during the quarter, compared to analyst estimates of $382.28 million. Its revenue was down 8.4% on a year-over-year basis. SINA has generated ($1.03) earnings per share over the last year. SINA has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 17th, 2020 based off prior year’s report dates.

Analyst Opinion on SINA (NASDAQ:SINA)

5 Wall Street analysts have issued ratings and price targets for SINA in the last 12 months. Their average twelve-month price target is $59.00, suggesting that the stock has a possible upside of 48.99%. The high price target for SINA is $79.00 and the low price target for SINA is $41.00. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

SINA has received a consensus rating of Buy. The company’s average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $59.00, SINA has a potential upside of 49.0% from its current price of $39.60. SINA has received no research coverage in the past 90 days.

Dividend Strength: SINA (NASDAQ:SINA)

SINA does not currently pay a dividend. SINA does not have a long track record of dividend growth.

Insiders buying/selling: SINA (NASDAQ:SINA)

In the past three months, SINA insiders have not sold or bought any company stock. Only 7.40% of the stock of SINA is held by insiders. 58.80% of the stock of SINA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of SINA (NASDAQ:SINA

Earnings for SINA are expected to grow by 338.46% in the coming year, from $0.26 to $1.14 per share. The P/E ratio of SINA is -127.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of SINA is -127.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. SINA has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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