Oppenheimer analyst Ella Ji maintained a Perform rating on Sohu.com Inc (NASDAQ:SOHU). No price target was provided.
Ji observed, “3Q14 revenue missed our estimate by 2%, dragged by a 4% shortfall at CYOU, while non-GAAP EPADS of $(0.61) topped our $(0.83)E on CYOU marketing savings. Sogou rev. growth accelerated to 88% y/y (from 1H14’s 82%) and achieved operating profit for the third consecutive quarter. Mobile also remained encouraging, with 40% q/q traffic increase in video and early success on several initiatives in Sogou and games. 4Q rev. growth guidance of 15-20% y/y brackets our original 19%E, while no bottom-line guidance was given at this time. The recent acquisition of video site 56.com should strengthen Sohu Video’s portfolio, esp. in UGC, in our view, though margin impact remains uncertain.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ella Ji has a total average return of 21.9% and a 55.0% success rate. Ji is ranked #411 out of 3358 analysts.