Weibo (NASDAQ:WB) is set to announce its earnings results before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Weibo has set its Q1 2019 guidance at EPS.
Weibo (NASDAQ:WB) last issued its earnings results on Tuesday, March 5th. The information services provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Weibo had a net margin of 33.27% and a return on equity of 37.53%. The company had revenue of $481.88 million for the quarter, compared to the consensus estimate of $481.52 million. During the same quarter in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. On average, analysts expect Weibo to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NASDAQ:WB opened at $58.99 on Thursday. Weibo has a 52 week low of $51.15 and a 52 week high of $112.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.92 and a current ratio of 3.92. The firm has a market capitalization of $13.14 billion, a PE ratio of 23.41, a PEG ratio of 0.95 and a beta of 2.03.
WB has been the subject of a number of research analyst reports. Nomura cut Weibo from a “buy” rating to a “neutral” rating and cut their price target for the company from $74.00 to $61.00 in a report on Tuesday, January 22nd. UBS Group cut Weibo from a “buy” rating to a “neutral” rating in a report on Wednesday, January 23rd. Jefferies Financial Group cut Weibo from a “buy” rating to a “hold” rating and cut their price target for the company from $83.00 to $58.00 in a report on Thursday, January 24th. Credit Suisse Group initiated coverage on Weibo in a report on Monday, February 4th. They issued an “outperform” rating and a $72.00 price target for the company. Finally, ValuEngine raised Weibo from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $76.33.
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Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates in two segments, Advertising and Marketing Services, and Value-Added Services. The company offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; and discovery products to help users discover content on its platform.
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