Weibo (WB) Scheduled to Post Quarterly Earnings on Tuesday

Weibo (NASDAQ:WB) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Weibo (NASDAQ:WB) last issued its quarterly earnings data on Thursday, August 22nd. The information services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The firm had revenue of $437.90 million during the quarter, compared to the consensus estimate of $437.97 million. Weibo had a return on equity of 11.01% and a net margin of 18.52%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. On average, analysts expect Weibo to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Weibo Stock Performance

NASDAQ WB opened at $8.62 on Tuesday. The company has a market cap of $2.02 billion, a P/E ratio of 6.73 and a beta of 0.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a 50-day moving average of $8.90 and a two-hundred day moving average of $8.54. Weibo has a 1-year low of $7.03 and a 1-year high of $12.54.

Analyst Ratings Changes

Several research firms have weighed in on WB. Citigroup lifted their target price on Weibo from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Morgan Stanley lowered their price objective on Weibo from $8.00 to $7.50 and set an “underweight” rating for the company in a research report on Friday, August 23rd. Nomura Securities raised Weibo to a “hold” rating in a research report on Monday, August 26th. Finally, StockNews.com downgraded Weibo from a “buy” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Weibo presently has a consensus rating of “Hold” and a consensus price target of $10.23.

About Weibo

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.