Equities analysts expect Weibo Corp (NASDAQ:WB) to post earnings per share (EPS) of $0.58 for the current quarter, Zacks reports. Two analysts have made estimates for Weibo’s earnings. Weibo posted earnings per share of $0.34 in the same quarter last year, which would indicate a positive year over year growth rate of 70.6%. The firm is scheduled to announce its next earnings report on Wednesday, February 28th.
On average, analysts expect that Weibo will report full-year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.73 to $1.74. For the next fiscal year, analysts forecast that the company will report earnings of $2.90 per share, with EPS estimates ranging from $2.84 to $2.95. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Weibo.
Weibo (NASDAQ:WB) last released its quarterly earnings data on Tuesday, November 7th. The information services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $320.00 million during the quarter, compared to analysts’ expectations of $297.20 million. Weibo had a net margin of 26.85% and a return on equity of 30.00%. The firm’s quarterly revenue was up 80.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS.
Several research firms have issued reports on WB. Morgan Stanley began coverage on shares of Weibo in a research report on Friday. They issued an “overweight” rating and a $130.00 price objective for the company. UBS Group assumed coverage on shares of Weibo in a research report on Tuesday. They issued a “buy” rating and a $125.00 price objective for the company. ValuEngine lowered shares of Weibo from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. BidaskClub lowered shares of Weibo from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Zacks Investment Research lowered shares of Weibo from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $103.35.
Weibo (NASDAQ:WB) traded up $4.65 during trading on Friday, reaching $120.86. 1,773,454 shares of the company’s stock traded hands, compared to its average volume of 1,970,800. The stock has a market cap of $26,420.00, a PE ratio of 103.30 and a beta of 2.52. Weibo has a 12 month low of $44.15 and a 12 month high of $123.00.
Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Weibo by 40.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,645 shares of the information services provider’s stock worth $708,000 after acquiring an additional 3,045 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Weibo by 740.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 27,335 shares of the information services provider’s stock worth $2,705,000 after acquiring an additional 24,083 shares in the last quarter. Nicholas Investment Partners LP bought a new position in shares of Weibo during the 2nd quarter worth approximately $3,222,000. BT Investment Management Ltd bought a new position in shares of Weibo during the 2nd quarter worth approximately $63,749,000. Finally, GSA Capital Partners LLP bought a new position in shares of Weibo during the 3rd quarter worth approximately $1,640,000. Institutional investors and hedge funds own 21.95% of the company’s stock.
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Weibo 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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