Weibo Corporation (WB) Set to Announce Earnings on Thursday
Weibo Corporation (NYSE:WB) will be releasing its Q214 earnings data on Thursday, August 14th. Analysts expect Weibo Corporation to post earnings of ($0.03) per share and revenue of $75.87 million for the quarter.
Weibo Corporation (NYSE:WB) last released its earnings data on Wednesday, May 21st. The company reported ($0.03) EPS for the quarter. The company had revenue of $67.50 million for the quarter, compared to the consensus estimate of $25.90 million. On average, analysts expect Weibo Corporation to post $-0.01 EPS for the current fiscal year and $0.31 EPS for the next fiscal year.
Shares of Weibo Corporation (NYSE:WB) opened at 20.09 on Wednesday. Weibo Corporation has a one year low of $16.26 and a one year high of $24.48. The stock has a 50-day moving average of $19.76 and a 200-day moving average of $19.53. The company’s market cap is $4.165 billion.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Weibo Corporation in a research note on Thursday, July 24th. They set a “buy” rating and a $22.60 price target on the stock. On the ratings front, analysts at ISI Group initiated coverage on shares of Weibo Corporation in a research note on Tuesday, July 22nd. They set a “buy” rating on the stock. Finally, analysts at Tigress Financial initiated coverage on shares of Weibo Corporation in a research note on Tuesday, July 22nd. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.75.
Weibo Corporation (NYSE:WB) is a social media platform for people to create, distribute and discover Chinese-language content.
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