NQ Mobile Inc (NQ) Q4 Earnings: Will It Beat Estimates Again?

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NQ Mobile Inc (ADR) (NYSE:NQ) will report its fiscal Q4 and full year results on Thursday, April 10th after the bell. The Chinese company will hold a conference call beginning at 8:00 p.m. EST on Thursday to discuss results and outlook. Expectations from NQ Mobile have risen as many Chinese companies have announced record-breaking results over the past few weeks.

NQ Mobile has smashed consensus estimates for 11 consecutive quarters

Shares of NQ Mobile Inc (ADR) (NYSE:NQ) have been highly volatile, particularly due to the hype surrounding the stock. However, the Beijing-based company has an exceptional track record of crushing analyst estimates. The company has announced better-than-expected earnings for 11 consecutive quarters. Wall Street expects NQ Mobile to report 32 cents a share in earnings, and $62.8 million in Q4 revenues. The company had earned 23 cents on revenues of $30 million in the same quarter last year.

The company’s revenue for the third quarter soared 110.1% YoY to $54.2 million, beating the company’s own guidance of $50-$51 million. In Q3, the company’s non-GAAP earnings surged 113.8% to $17.4 million. For the fourth quarter, NQ Mobile Inc (ADR) (NYSE:NQ) had issued revenue guidance of $62-$63 million, which is in line with analysts’ estimate of $62.8 million. Analysts expect the Chinese company to issue revenue guidance of $65.5 million for the first quarter of this year.

Will NQ Mobile announce its audit results today?

Justin Giles of Seeking Alpha says that NQ Mobile Inc (ADR) (NYSE:NQ) announced a Senior Management Share Purchase Plan during its last earnings report. The plan allows the company management to purchase up to $3 million worth of NQ Mobile shares. So, it won’t surprise investors if the company announces something else along with its earnings on Thursday.

Short seller Muddy Waters has accused NQ Mobile Inc (ADR) (NYSE:NQ) of fraudulent accounting practices. Investors have been anxiously awaiting its audit results. The company may announce the audit results today. NQ Mobile has an impressive zero debt-to-equity ratio. Its quick ratio, which reflects the company’s ability to cover short-term cash needs, stands at 4:14.

NQ Mobile Inc (ADR) (NYSE:NQ) shares were down 1.07% to $16.59 at 11:13 AM EDT on Thursday.

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