Qihoo 360 Technology Earnings Preview For Monday
Qihoo 360 Technology Co. Ltd. (QIHU)
Background:Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology Co. Ltd. was founded in 2005 and is based in Beijing, China.
Strong third-quarter earnings growth is expected by Wall Street after the market closes on November 24, 2014. The consensus mean is 61 cents a share, a gain of 14 cents (29.8%) from 47 cents during the corresponding quarter last year.
Estimates I've seen are as low as 56 cents up to 76 cents per share.
19 analysts rate Qihoo 360 Technology a buy or strong buy out of 23 analysts. The company has 4 holds, and there are no analysts rating it as a sell.8 out of 23 analysts now rate Qihoo 360 Technology a strong buy down from 9 analysts a month ago. Investors haven't made progress this year. Shares in the company have fallen 19% from a year ago. The average analyst target price for Qihoo 360 Technology is $119.15.