Qihoo Q2 2014 Preview: Buy Ahead Of The Result

By WestEnd511:

Qihoo (NYSE:QIHU) will report its 2Q14 earnings on Monday before market opens. The detail of the conference call is below:

Consensus expects $0.46 in EPS (vs. $0.40 a year ago) on revenue of $309m (+104% y/y). The stock has outperformed the broader NASDAQ by 5% over the past three months.

(click to enlarge)

Expect continued momentum in search and mobile

The company guided $300-305m in revenue, slightly conservative vs. consensus but nonetheless indicates that both online advertising and IVAS (ie. mobile games, search and advertising) to continue its near-term momentum. In particular, search will be an area to focus as CNZZ recently released its China search market estimate in which QIHU has 30% of the market in terms of page views vs. Baidu’s (NASDAQ:BIDU) 55%, indicating that Qihoo is

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