Wall Street analysts expect Weibo Corporation (NASDAQ:WB) to report sales of $248.76 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Weibo Corporation’s earnings. The highest sales estimate is $250.00 million and the lowest is $247.52 million. Weibo Corporation reported sales of $146.89 million in the same quarter last year, which indicates a positive year over year growth rate of 69.4%. The company is expected to issue its next earnings results on Monday, August 14th.

On average, analysts expect that Weibo Corporation will report full year sales of $248.76 million for the current year, with estimates ranging from $1.06 billion to $1.09 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.61 billion per share, with estimates ranging from $1.49 billion to $1.72 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Weibo Corporation.

Weibo Corporation (NASDAQ:WB) last announced its quarterly earnings data on Tuesday, May 16th. The information services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $199.20 million for 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 business’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share.

A number of research analysts have commented on WB shares. TheStreet upgraded shares of Weibo Corporation from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Zacks Investment Research upgraded shares of Weibo Corporation from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and issued a $67.00 price objective on shares of Weibo Corporation in a research note on Tuesday, March 28th. Benchmark Co. started coverage on shares of Weibo Corporation in a research note on Tuesday, April 18th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, T.H. Capital restated a “buy” rating and issued a $70.00 price objective (up from $60.00) on shares of Weibo Corporation in a research note on Tuesday, May 9th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.95.

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Shares of Weibo Corporation (WB) opened at 73.93 on Friday. Weibo Corporation has a one year low of $31.25 and a one year high of $82.28. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 112.36 and a beta of 2.63.

A number of hedge funds have recently added to or reduced their stakes in the company. APG Asset Management N.V. increased its stake in Weibo Corporation by 47.5% in the second quarter. APG Asset Management N.V. now owns 14,160 shares of the information services provider’s stock worth $941,000 after buying an additional 4,560 shares in the last quarter. Aperio Group LLC increased its stake in Weibo Corporation by 48.8% in the second quarter. Aperio Group LLC now owns 33,610 shares of the information services provider’s stock worth $2,234,000 after buying an additional 11,019 shares in the last quarter. Diversified Trust Co bought a new stake in Weibo Corporation during the second quarter worth approximately $528,000. Eqis Capital Management Inc. bought a new stake in Weibo Corporation during the second quarter worth approximately $300,000. Finally, Green Court Capital Management Ltd bought a new stake in Weibo Corporation during the second quarter worth approximately $4,821,000. 16.54% of the stock is currently owned by hedge funds and other institutional investors.

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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