Wall Street analysts forecast that Weibo Corp (NASDAQ:WB) will report earnings of $0.65 per share for the current quarter, Zacks reports. Two analysts have made estimates for Weibo’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.66. Weibo posted earnings per share of $0.68 in the same quarter last year, which would indicate a negative year over year growth rate of 4.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Weibo will report full-year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.72 to $2.98. For the next financial year, analysts forecast that the company will report earnings of $3.38 per share, with EPS estimates ranging from $3.28 to $3.48. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Weibo.
Weibo (NASDAQ:WB) last announced its quarterly earnings data on Thursday, May 23rd. The information services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $399.18 million during the quarter, compared to analysts’ expectations of $399.65 million. Weibo had a net margin of 35.25% and a return on equity of 37.16%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 earnings per share.
A number of brokerages have recently issued reports on WB. JPMorgan Chase & Co. began coverage on shares of TransMedics Group in a research note on Tuesday, May 28th. They issued an “overweight” rating and a $34.00 price objective for the company. ValuEngine cut shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. TheStreet cut shares of Weibo from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. Finally, HSBC reaffirmed a “hold” rating on shares of MARKS & SPENCER/S in a research note on Friday, May 24th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $62.06.
Shares of NASDAQ WB traded up $0.89 during midday trading on Wednesday, reaching $43.25. The stock had a trading volume of 45,166 shares, compared to its average volume of 1,792,916. The business’s 50-day simple moving average is $42.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.44 and a quick ratio of 3.44. The company has a market cap of $9.67 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 0.78 and a beta of 2.23. Weibo has a 12-month low of $40.31 and a 12-month high of $91.54.
Large investors have recently modified their holdings of the business. FTB Advisors Inc. lifted its holdings in shares of Weibo by 2,010.0% in the 1st quarter. FTB Advisors Inc. now owns 422 shares of the information services provider’s stock worth $25,000 after acquiring an additional 402 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Weibo by 1,328.6% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 600 shares of the information services provider’s stock worth $35,000 after acquiring an additional 558 shares during the last quarter. Cornerstone Advisors Inc. bought a new stake in shares of Weibo in the 1st quarter worth about $35,000. Bremer Bank National Association bought a new stake in shares of Weibo in the 1st quarter worth about $107,000. Finally, NN Investment Partners Holdings N.V. lifted its holdings in shares of Weibo by 48.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 4,000 shares of the information services provider’s stock worth $174,000 after acquiring an additional 1,300 shares during the last quarter. 25.78% of the stock is owned by institutional investors and hedge funds.
Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.
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