Weibo Corporation (NASDAQ:WB) Expected to Post Earnings of $0.31 Per Share
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.
TRADEMARK VIOLATION NOTICE: “Weibo Corporation (NASDAQ:WB) Expected to Post Earnings of $0.31 Per Share” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/21/weibo-corporation-nasdaqwb-expected-to-post-earnings-of-0-31-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Weibo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weibo Corporation and related companies with MarketBeat.com's FREE daily email newsletter.