www.zacks.com/stock/news/166380/...0-qihu-this-earnings-seasonLetztes Mal gab es eine positive Überraschung von 2,08% Gewinn
Qihoo 360 Technology Co. Ltd. is set to release its fourth-quarter and full-year 2014 results on Mar 9.
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For the fourth quarter, Qihoo expects revenues between $410 million and $415 million, representing an increase of 85–87% year over year and 9–10% sequentially.
Our proven model does not conclusively show that Qihoo is likely to beat the Zacks Consensus Estimate this quarter. That is because a stock needs to have both a positive Earnings ESPand a Zacks Rank of
#1, 2 or 3 for this to happen. That is not the case here as you will see below.
Zacks ESP: Qihoo has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at 54 cents per share.Zacks Rank:
Qihoo’s Zacks Rank #3 (Hold), when combined with a 0.00% ESP, makes surprise predictions difficult.Why Qihoo, YY And Dangdang Could Buck The Trendseekingalpha.com/article/...-and-dangdang-could-buck-the-trend.....
While analysts continue to downgrade Qihoo purely on speculative reasons (which is laughable right before earnings), the search and security company continues to topple analyst expectations quarter after quarter as you can see from the table above.
After falling more than 20% on the downgrades, I'm actually surprised that the market continues to listen to certain analysts covering QIHU. Many of them have been late to the party on upgrades and downgrades over the years and this time it doesn't look to be any different after these downgrades.
After dropping 50% since August, QIHU's valuation (like Dangdang) is also very attractive right now. At its current price of just over $45 a share, the Chinese giant trades around 11X projected 2015 earnings. This is downright cheap for a company growing its top line over 100% year-over-year and beating analyst projections on the bottom line by 34% over the last four quarters.
I believe QIHU will likely deliver another earnings beat which should help alleviate investor concerns and will put shares back on track to where they were headed back in July and early August.Management stated during the last conference call that they continue to work on monetizing its mobile platforms and that all signs point to great potential.
If things continue to go well, don't be surprised to see guidance crush analyst estimates....Since it last report in November, QIHU continues to tackle challenges as it continues to grow and looks for new areas of the market to get into. Hardware was one of those areas and I believe QIHU made a smart decision to develop a strategic partnership with Coolpad.
Through the partnership, QIHU will become the default provider of key mobile services on Coolpad's smartphones, including mobile security, mobile app store and mobile search among many other things. Coolpad is one of the leading smartphone makers in China and is also the largest 4G smartphone provider in China in terms of accumulative unit shipment as of October 2014.
Also, QIHU just recently completed the $200M share repurchase program that was announced last October. The Company bought back approximately 3.4M American Depositary Shares with an average cost of $58.98 in the open market.
With positive cash flow and with over $1B in cash, I wouldn't be surprised to see the company announce another buyback program with shares trading at depressed levels. If the company thought shares were cheap at $58-$59 dollars a share, I can only imagine what they must be thinking now. Adding it all up, there is a lot to be excited about QIHU and the earning results should be a great kick start to 2015.
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