58.com (WUBA) to Release Earnings on Tuesday

58.com (NYSE:WUBA) is set to release its earnings data before the market opens on Tuesday, November 19th. Analysts expect 58.com to post earnings of $0.66 per share for the quarter.

58.com (NYSE:WUBA) last posted its earnings results on Wednesday, August 21st. The information services provider reported $4.04 earnings per share (EPS) for the quarter. 58.com had a return on equity of 25.35% and a net margin of 41.67%. The firm had revenue of $601.44 million during the quarter. On average, analysts expect 58.com to post $6 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE:WUBA traded down $0.62 on Tuesday, reaching $54.00. The company’s stock had a trading volume of 1,751 shares, compared to its average volume of 532,031. 58.com has a 1-year low of $47.19 and a 1-year high of $74.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $8.21 billion, a PE ratio of 27.97, a PEG ratio of 0.45 and a beta of 1.68. The business’s 50-day moving average price is $51.39 and its two-hundred day moving average price is $56.98.

A number of research firms have issued reports on WUBA. BOCOM International cut 58.com from a “buy” rating to a “neutral” rating in a research note on Friday, August 23rd. Credit Suisse Group cut 58.com from an “outperform” rating to a “neutral” rating and set a $57.23 price objective for the company. in a research report on Tuesday, July 16th. Jefferies Financial Group began coverage on 58.com in a research report on Monday, August 5th. They set a “buy” rating and a $66.40 price objective for the company. Zacks Investment Research cut 58.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, TheStreet cut 58.com from a “b-” rating to a “c+” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. 58.com currently has an average rating of “Hold” and a consensus price target of $62.93.

58.com Company Profile

58.com Inc operates various multi-category online classifieds platforms and vertical listing platforms that enable local businesses and consumers to connect, share information, and conduct business in the People's Republic of China. It operates multi-content category online classified platforms primarily under the 58 and Ganji names; Anjuke, an online real estate listing platform; ChinaHR, an online recruitment platform that focuses on white collar jobs; and Jia Xiao Yi Dian Tong, an online platform for driver's license examination preparation and other related services.

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Earnings History for 58.com (NYSE:WUBA)

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