Weibo Corporation (WB) Scheduled to Post Quarterly Earnings on Tuesday
Weibo Corporation (NASDAQ:WB) will be issuing its Q3 quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Weibo Corporation (NASDAQ:WB) last released its earnings results on Wednesday, August 9th. The information services provider reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. The firm had revenue of $253.37 million during the quarter, compared to analyst estimates of $246.78 million. Weibo Corporation had a net margin of 23.22% and a return on equity of 24.45%. The business’s revenue was up 72.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. On average, analysts expect Weibo Corporation to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Weibo Corporation (NASDAQ:WB) opened at $96.41 on Monday. The firm has a market cap of $21,327.53, a price-to-earnings ratio of 110.82 and a beta of 2.50. Weibo Corporation has a 52-week low of $40.12 and a 52-week high of $108.30.
A number of research firms recently weighed in on WB. Zacks Investment Research cut shares of Weibo Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and set a $82.00 price target on shares of Weibo Corporation in a research note on Thursday, July 27th. BidaskClub raised shares of Weibo Corporation from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Citigroup Inc. restated a “buy” rating and issued a $126.00 price objective (up from $102.00) on shares of Weibo Corporation in a report on Thursday, September 14th. Finally, Barclays PLC set a $100.00 target price on shares of Weibo Corporation and gave the stock an “overweight” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $85.28.
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Weibo Corporation Company Profile
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services.
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