$0.74 Earnings Per Share Expected for Weibo Corp (WB) This Quarter

Equities research analysts expect Weibo Corp (NASDAQ:WB) to announce $0.74 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Weibo’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.72. Weibo posted earnings of $0.51 per share in the same quarter last year, which would suggest a positive year over year growth rate of 45.1%. The firm is scheduled to report its next quarterly earnings results before the market opens on Wednesday, November 28th.

According to Zacks, analysts expect that Weibo will report full-year earnings of $2.68 per share for the current financial year. For the next financial year, analysts forecast that the company will report earnings of $3.72 per share, with EPS estimates ranging from $3.47 to $3.90. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Weibo.

Several equities analysts have issued reports on the company. TH Capital dropped their price objective on Weibo and set a “buy” rating on the stock in a report on Wednesday, November 14th. BidaskClub lowered Weibo from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 13th. Jefferies Financial Group lowered their price target on Weibo to $90.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Benchmark lowered their price target on Weibo from $148.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, November 5th. Finally, ValuEngine raised Weibo from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $112.00.

Shares of WB stock opened at $60.06 on Friday. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 0.81 and a beta of 2.41. Weibo has a 1 year low of $53.11 and a 1 year high of $142.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.97 and a current ratio of 3.97.

Large investors have recently made changes to their positions in the stock. Atlas Capital Advisors LLC acquired a new stake in Weibo in the second quarter valued at about $101,000. FNY Investment Advisers LLC lifted its position in Weibo by 1,900.0% in the third quarter. FNY Investment Advisers LLC now owns 2,000 shares of the information services provider’s stock valued at $146,000 after purchasing an additional 1,900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Weibo by 43.8% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the information services provider’s stock valued at $204,000 after purchasing an additional 700 shares during the period. AdvisorNet Financial Inc lifted its position in Weibo by 2,580.0% in the second quarter. AdvisorNet Financial Inc now owns 2,680 shares of the information services provider’s stock valued at $238,000 after purchasing an additional 2,580 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new stake in Weibo in the second quarter valued at about $240,000. Hedge funds and other institutional investors own 23.52% of the company’s stock.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through 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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