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.

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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.

Earnings History for Weibo Corporation (NASDAQ:WB)

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