Sina Corporation (SINA) is scheduled to release its 2Q15 earnings results after the closing bell on Thursday. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.07 per share, down nearly 60% from $0.17 in the same quarter last year. Revenue is projected to post a 6% year-over-year [yoy] increase to $201.2 million from $187 million a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.04 per share.
As a quick reminder, Sina Corp. reported 1Q/15 EPS of $0.04, $0.05 better than the Street’s consensus estimate for a loss of ($0.01). Revs increased 7.63% yoy to $184.6 million versus the $180.72 million consensus.
Shanghai, China-based Sina Corporation, currently valued at $2.24 billion, has a high Street price target of $67, which reflects a return potential of 68% over the last closing price of the stock.
Sina’s shares have declined 12.32% in the last 4 weeks and 7.40% in the past three months. Over the past 5 trading sessions the stock has lost 0.75%.
Shares of Sina Corporation are up 6.31% since the beginning of the year.
The chart below shows where the equity has traded over the last 52 weeks.