Youdao (DAO) Set to Announce Earnings on Tuesday

Youdao (NYSE:DAO – Get Rating) will be releasing its earnings data before the market opens on Tuesday, May 24th. Analysts expect Youdao to post earnings of ($0.24) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Youdao (NYSE:DAO – Get Rating) last announced its earnings results on Thursday, February 24th. The company reported ($0.23) EPS for the quarter. The firm had revenue of $164.58 million for the quarter, compared to the consensus estimate of $175.22 million. On average, analysts expect Youdao to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of DAO opened at $4.93 on Tuesday. Youdao has a 12 month low of $4.31 and a 12 month high of $27.78. The firm’s 50 day moving average is $7.18 and its 200-day moving average is $10.88. The stock has a market capitalization of $611.23 million, a PE ratio of -3.91 and a beta of -0.61.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Youdao by 3.1% in the first quarter. State Street Corp now owns 219,217 shares of the company’s stock valued at $1,556,000 after buying an additional 6,552 shares in the last quarter. Engineers Gate Manager LP bought a new position in Youdao during the first quarter worth $124,000. BlackRock Inc. raised its stake in Youdao by 11.2% during the first quarter. BlackRock Inc. now owns 707,704 shares of the company’s stock worth $5,023,000 after buying an additional 71,475 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Youdao during the first quarter worth $108,000. Finally, Legal & General Group Plc bought a new position in Youdao during the fourth quarter worth $61,000. Institutional investors and hedge funds own 85.27% of the company’s stock.

Several research analysts have recently commented on DAO shares. Citigroup raised shares of Youdao from a “neutral” rating to a “buy” rating and raised their target price for the stock from $15.00 to $15.50 in a report on Friday, February 25th. Zacks Investment Research cut shares of Youdao from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Finally, Morgan Stanley raised shares of Youdao from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $15.00 in a report on Monday, March 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.67.

About Youdao (Get Rating)

Youdao, Inc, an internet technology company, provides online services in the field of content, community, communication, and commerce in China. It operates through three segments: Learning Services, Smart Devices, and Online Marketing Services. The company provides various learning content, applications, and solutions, which cover topics and target people from various age groups for their learning needs through its websites and mobile applications.

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