58.com Inc. (WUBA) Scheduled to Post Earnings on Tuesday
58.com Inc. (NYSE:WUBA) will be posting its quarterly earnings results before the market opens on Tuesday, August 15th. Analysts expect 58.com to post earnings of $0.20 per share for the quarter.
58.com (NYSE:WUBA) last issued its quarterly earnings results on Thursday, May 25th. The information services provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.27. The company had revenue of $288.19 million for the quarter. 58.com had a negative net margin of 3.18% and a negative return on equity of 1.57%. On average, analysts expect 58.com to post $0.85 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.
58.com Inc. (NYSE WUBA) opened at 50.96 on Tuesday. 58.com Inc. has a one year low of $27.58 and a one year high of $55.28. The company’s market capitalization is $7.40 billion. The company’s 50-day moving average is $46.40 and its 200 day moving average is $39.43.
Several equities research analysts recently issued reports on the stock. CLSA upgraded shares of 58.com from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $39.00 to $50.00 in a research report on Thursday, May 25th. BidaskClub cut shares of 58.com from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research cut shares of 58.com from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. TheStreet upgraded shares of 58.com from a “d+” rating to a “c” rating in a research report on Thursday, May 11th. Finally, Morgan Stanley cut shares of 58.com from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $42.00 to $40.00 in a research report on Friday, June 30th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. 58.com presently has an average rating of “Hold” and a consensus price target of $44.30.
58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.
Receive News & Ratings for 58.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 58.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.