Weibo (WB) Scheduled to Post Earnings on Tuesday

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

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

Weibo Trading Up 1.8 %

Shares of WB opened at $8.35 on Monday. Weibo has a 52-week low of $7.03 and a 52-week high of $12.47. The stock has a market cap of $1.96 billion, a PE ratio of 6.52 and a beta of 0.24. The firm’s fifty day moving average is $8.98 and its two-hundred day moving average is $8.52. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.55.

Analysts Set New Price Targets

WB has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of Weibo from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com cut Weibo from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Nomura Securities upgraded Weibo to a “hold” rating in a research report on Monday, August 26th. Finally, Morgan Stanley reduced their price objective on Weibo from $8.00 to $7.50 and set an “underweight” rating on the stock in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.