Yandex N.V. (NASDAQ:YNDX) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, YNDX is expected to report 3Q20 income of $ 0.26 per share from revenue of $ 722.67 million.
For the full year, analysts anticipate top line of $ 2840.40 million, while looking forward to income of $ 0.88 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 3,457.00 million ~ $ 3,570.00 million
Click Here For More Historical Outlooks Of Yandex N.V.
Previous Quarter Performance
Yandex N.V. announced income for the second quarter of $ 0.08 per share, from the revenue of $ 591.90 million. The quarterly earnings 70.37 percent while revenues grew 1.26 percent compared with the same quarter last year.
Street analysts expected Yandex N.V. to report income of $ 0.06 per share on revenue of $ 576.14 million for the second quarter. The bottom line results beat street analysts by $ 0.02 or 33.33 percent, at the same time, top line results outshined analysts by $ 15.76 million or 2.74 percent.
Stock Performance
Shares of Yandex N.V. traded up $ 0.40 or 0.68 percent on Tuesday, reaching $ 59.53 with volume of 2.34 million shares. Yandex N.V. has traded high as $ 59.87 and has cracked $ 58.64 on the downward trend
According to the previous trading day, closing price of $ 59.53, representing a 111.71 % increase from the 52 week low of $ 27.93 and a 15.66 % decrease over the 52 week high of $ 70.11.
The company has a market capital of $ 20.98 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Analyst recommendations
- On 16th October 2020, maintained by Bank of America at Neutral rating, with $ 71.50 target price.
Conference Call
Yandex N.V. will be hosting a conference call at 8:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website ir.yandex.com
Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices. It provides geolocation services, such as Yandex.Maps, Yandex.Navigator, Yandex.Auto, and Yandex.Routing; Yandex.Mail that provides access to email accounts; Yandex.Disk, a cloud-based storage service; Yandex.News, an online news aggregation service; Yandex.Weather hyperlocal weather information services; Yandex Browser for desktops and mobile platforms; and Yandex Search Apps.
