Wall Street brokerages expect that Weibo Corporation (NASDAQ:WB) will announce earnings of $0.31 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Weibo Corporation’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.30. Weibo Corporation reported earnings per share of $0.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 158.3%. The company is scheduled to issue its next quarterly earnings report on Monday, August 14th.

According to Zacks, analysts expect that Weibo Corporation will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.45. For the next financial year, analysts expect that the business will report earnings of $2.45 per share, with EPS estimates ranging from $2.23 to $2.66. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Weibo Corporation.

Weibo Corporation (NASDAQ:WB) last issued its earnings results on Tuesday, May 16th. The information services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $199.20 million during the quarter, compared to analyst estimates of $188.29 million. Weibo Corporation had a net margin of 20.10% and a return on equity of 20.00%. The company’s quarterly revenue was up 67.0% on a year-over-year basis. During the same quarter last year, the business earned $0.07 earnings per share.

WB has been the subject of a number of recent research reports. Zacks Investment Research downgraded Weibo Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $67.00 price objective on shares of Weibo Corporation in a research note on Tuesday, March 28th. T.H. Capital reiterated a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Weibo Corporation in a research note on Tuesday, May 9th. TheStreet upgraded Weibo Corporation from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Finally, Barclays PLC reiterated an “overweight” rating and set a $85.00 price objective (up from $66.00) on shares of Weibo Corporation in a research note on Wednesday, May 17th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $66.95.

A number of hedge funds and other institutional investors have recently bought and sold shares of WB. Comerica Bank acquired a new position in Weibo Corporation during the fourth quarter worth approximately $268,000. State Street Corp boosted its position in Weibo Corporation by 522.5% in the fourth quarter. State Street Corp now owns 449,048 shares of the information services provider’s stock worth $18,232,000 after buying an additional 376,908 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Weibo Corporation by 183.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,774 shares of the information services provider’s stock worth $153,000 after buying an additional 2,443 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Weibo Corporation during the fourth quarter worth approximately $1,985,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Weibo Corporation during the fourth quarter worth approximately $2,453,000. 16.54% of the stock is currently owned by institutional investors.

Shares of Weibo Corporation (WB) traded up 0.52% during trading on Friday, reaching $73.93. 940,371 shares of the company’s stock were exchanged. Weibo Corporation has a 12 month low of $31.25 and a 12 month high of $82.28. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 112.36 and a beta of 2.63.

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About Weibo Corporation

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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