Weibo (WB) to Release Quarterly Earnings on Tuesday

Weibo (NASDAQ:WB) will be issuing its quarterly earnings data before the market opens on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.58 per share for the quarter.

Weibo (NASDAQ:WB) last posted its quarterly earnings results on Tuesday, November 7th. The information services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. Weibo had a return on equity of 30.00% and a net margin of 26.85%. The firm had revenue of $320.00 million during the quarter, compared to analysts’ expectations of $297.20 million. During the same quarter last year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was up 80.9% on a year-over-year basis. On average, analysts expect Weibo to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Weibo (WB) traded down $5.77 during trading hours on Thursday, hitting $111.76. The company had a trading volume of 2,030,000 shares, compared to its average volume of 1,690,000. Weibo has a 12-month low of $47.36 and a 12-month high of $136.19. The firm has a market capitalization of $24,440.00, a PE ratio of 95.52 and a beta of 2.63.

WB has been the subject of several recent research reports. Zacks Investment Research cut Weibo from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. BidaskClub cut Weibo from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Barclays increased their price target on Weibo from $100.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. ValuEngine cut Weibo from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Morgan Stanley started coverage on Weibo in a research note on Friday, January 5th. They set an “overweight” rating and a $130.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $104.85.

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About Weibo

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 (NASDAQ:WB)

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