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    A035420   KR7035420009

NAVER CORPORATION

(A035420)
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Naver : Third-Quarter Net Profit Beats Consensus -- Earnings Review

10/28/2020 | 07:27pm EDT

By Kwanwoo Jun

Naver Corp. reported third-quarter results on Thursday. Here's what you need to know:

NET PROFIT: The South Korean internet group's net profit for the quarter ended Sept. 30 was 235.30 billion Korean won ($207.3 million), nearly triple the net profit of the same quarter a year earlier.

REVENUE: Revenue during the quarter rose 24% to KRW1.361 trillion, while operating profit gained 1.8% to KRW291.70 billion.

WHAT WE WATCHED:

--ABOVE CONSENSUS: Net profit nearly tripled from a year earlier in the third quarter. That beat a FactSet consensus forecast for KRW180.62 billion in net profit.

--PANDEMIC & E-COMMERCE: Naver's strong quarterly results were largely driven by its online-advertisement and e-commerce segments. The company said that the pandemic-induced rise in online shopping helped drive solid growth in its e-commerce business.

--PARTNERSHIP: The company said it is stepping up a partnership with a local parcel-delivery service company CJ Logistics to bolster growth.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

10-28-20 2026ET

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Analyst Recommendations on NAVER CORPORATION
More recommendations
Financials
Sales 2021 6 790 B 5,76 B 5,76 B
Net income 2021 16 528 B 14,0 B 14,0 B
Net cash 2021 1 586 B 1,35 B 1,35 B
P/E ratio 2021 3,86x
Yield 2021 0,22%
Capitalization 60 669 B 51 501 M 51 508 M
EV / Sales 2021 8,70x
EV / Sales 2022 6,95x
Nbr of Employees 4 124
Free-Float 90,6%
Chart NAVER CORPORATION
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NAVER Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends NAVER CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 407 500,00 KRW
Average target price 532 258,06 KRW
Spread / Average Target 30,6%
EPS Revisions
Managers and Directors
Seong-Sook Han Chief Executive Officer & Director
Sang-Jin Park Chief Financial Officer
In-Hyuk Choi Chief Operating Officer & Director
Yeon-Ah Jeong Head-Legal Affairs & Compliance Support
Hae-Jin Lee Global Investment Officer
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