Perfect World Co Ltd (NASDAQ:PWRD) issued its quarterly earnings data on Monday. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.13, AnalystRatings.Net reports. The company had revenue of $136.20 million for the quarter, compared to the consensus estimate of $131.53 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 23.0% on a year-over-year basis.
Shares of Perfect World Co Ltd (NASDAQ:PWRD) opened at 18.86 on Tuesday. Perfect World Co Ltd has a one year low of $9.72 and a one year high of $22.82. The stock’s 50-day moving average is $18.50 and its 200-day moving average is $18.43. The company has a market cap of $919.1 million and a price-to-earnings ratio of 15.12.
A number of analysts have recently weighed in on PWRD shares. Analysts at Zacks downgraded shares of Perfect World Co Ltd from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 18th. They now have a $18.70 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.12.
Perfect World Co, Ltd. is an online game developer and operator in People’s Republic of China. The Company primarily develops online games based on its game engines and game development platforms.
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