Sohu.com Inc. (NASDAQ:SOHU) is expected to announce its third quarter 2016 earnings on 2016-10-24. The current consensus EPS target is at USD 2.47 and the stock price targets ranging from USD 33 to USD 56. Sohu.com Inc’s stock is currently trading at USD 44.97.
Sohu has had challenging time lately, but there are indicators that the stock might be bottoming out, making it an interesting play ahead of its earnings release. Expectations especially towards Changyou – Sohu’s online gaming subsidiary – are increasing and being reflected in Changyou’s momentum.
Sohu is a Chinese online media, community and gaming group. Through sohu.com and sogou.com portals they provide information, entertainment – such as online video – and search, which they monetize through online advertising.
Sohu’s online game subsidiary Changyou (NASDAQ:CYOU), which they listed in NASDAQ in 2009 is one of the leading online gaming providers in China. They generate over 90 percent of their revenue from online games. They have been very successful in PC and web games. However it still remains to be seen whether Changyou manages to turn their past success in PC and web into success in mobile. Sohu still remains the major shareholder of Changyou with an almost 70 percent share.
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