Phoenix New Media (NYSE:FENG) Releases Quarterly Earnings Results, Beats Expectations By $1.04 EPS

Phoenix New Media (NYSE:FENG) released its quarterly earnings data on Tuesday. The information services provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($1.06) by $1.04, FiscalAI reports. Phoenix New Media had a return on equity of 2.78% and a net margin of 3.62%. The firm had revenue of $32.45 million during the quarter, compared to the consensus estimate of $32.54 million.

Phoenix New Media Stock Down 1.8%

Phoenix New Media stock traded down $0.03 during trading on Tuesday, hitting $1.38. 200 shares of the company were exchanged, compared to its average volume of 10,137. The company has a market capitalization of $16.51 million, a P/E ratio of 3.82 and a beta of -0.25. The business’s 50 day moving average is $1.43 and its 200 day moving average is $1.62. Phoenix New Media has a 52 week low of $1.34 and a 52 week high of $2.33. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Phoenix New Media from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 20th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Phoenix New Media Company Profile

Phoenix New Media Limited is a Chinese digital media company best known for operating the ifeng.com online media platform. Its services include news and information, business and finance coverage, opinion and lifestyle content, video, audio, and other entertainment programming delivered through websites, mobile applications, and related digital channels. The company generates revenue primarily through online advertising and paid digital services. It also distributes content produced by or associated with Phoenix TV, as well as material from third-party sources, and has developed mobile and video products to reach audiences across multiple devices.