Sohu.com, Inc

Sep 02, 2008 (Zacks Investment Research via COMTEX) -- SOHU | Quote | Chart | News | PowerRating -- Sohu.com Inc.(SOHU) set a 52-week high after being featured on May 1st as a Zacks Rank Buy. The Chinese web site offers a variety of online services and still carries a Zacks Rank of #1.

A 46% Earnings Surprise

On July 28th the company reported second-quarter earnings of $1.02 per share, 46% higher than the consensus estimate of 70 cents. This was the fourth earnings surprise in the last four quarters. Sohu reported second-quarter revenue of $102 million, an all-time high for the company.

The consensus estimate for full-year 2008 and 2009 earnings are both up over 30% within the past two months. The company is reasonably priced with a PEG ratio of .5.

The Chart

Shares of SOHU had been volatile earlier this summer after setting a 52-week high of $91.50. The stock has come off of the recent high and has been trading sideways as it consolidates near $76 per share. Take a look at the chart below.

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