Weibo Corporation (WB) to Release Quarterly Earnings on Tuesday
Weibo Corporation (NASDAQ:WB) is scheduled to be issuing its Q3 quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Weibo Corporation (NASDAQ:WB) last released its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. The business had revenue of $253.37 million for the quarter, compared to the consensus estimate of $246.78 million. Weibo Corporation had a return on equity of 24.45% and a net margin of 23.22%. The company’s revenue was up 72.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. On average, analysts expect Weibo Corporation to post $1.45 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.
Weibo Corporation (NASDAQ:WB) traded up 2.81% during trading on Wednesday, hitting $95.25. The stock had a trading volume of 704,478 shares. Weibo Corporation has a 12 month low of $40.12 and a 12 month high of $108.30.
ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/01/weibo-corporation-wb-to-release-quarterly-earnings-on-tuesday.html.
Several research analysts recently commented on WB shares. Zacks Investment Research cut Weibo Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub cut Weibo Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Jefferies Group LLC reissued a “buy” rating and set a $82.00 target price on shares of Weibo Corporation in a research note on Thursday, July 27th. Barclays PLC set a $100.00 target price on Weibo Corporation and gave the stock an “overweight” rating in a research note on Friday, August 11th. Finally, Citigroup Inc. reissued a “buy” rating and set a $126.00 target price (up from $102.00) on shares of Weibo Corporation in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Weibo Corporation currently has a consensus rating of “Buy” and an average price target of $85.28.
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.
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.