How Have the Numbers Shaped Up for SINA (NASDAQ:SINA)

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Earnings results for SINA (NASDAQ:SINA)

Sina Corporation is estimated to report earnings on 08/31/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.04. The reported EPS for the same quarter last year was $0.73.

Analyst Opinion on SINA (NASDAQ:SINA)

4 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, predicting that the stock has a possible upside of 43.59%. 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 2 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 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $59.00, SINA has a forecasted upside of 43.6% from its current price of $41.09. 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 -132.55, 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 -132.55, 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 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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