Qihoo 360 Technology Co. Ltd. (QIHU) is scheduled to release its 2Q/15 earnings results Monday before the markets open. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.71 per share, up from $0.50 in the same quarter last year. Revenue is projected to post a 38.6% year-over-year increase to $440.36 million from $317.9 million a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.71 per share.
As a quick reminder, Qihoo reported 1Q/15 EPS of $0.57, $0.08 better than the Street’s consensus estimate of $0.49. Revs increased 45% yoy to $384.4 million versus the $378.12 million consensus.
Beijing, China-based Internet services provider Qihoo 360, currently valued at $6.97 billion, has a median Wall Street price target of $77.00, which reflects a return potential of 38% over the last closing price of the stock.
Qihoo shares have declined 13.51% in the last 4 weeks while advancing 1.21% in the past three months. Over the past 5 trading sessions the stock has lost 10.11%. Shares of Qihoo 360 Technology Co. have underperformed the S&P over the past 12 months with QIHU falling by 45.03% vs a 1.35% loss in the index.
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