Zacks: Brokerages Expect Weibo Corp (NASDAQ:WB) Will Post Earnings of $0.65 Per Share

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Equities research analysts predict that Weibo Corp (NASDAQ:WB) will announce earnings per share (EPS) of $0.65 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Weibo’s earnings, with estimates ranging from $0.64 to $0.66. Weibo posted earnings of $0.68 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 4.4%. The firm is expected to report its next earnings report on Wednesday, August 14th.

On average, analysts expect that Weibo will report full year earnings of $2.82 per share for the current year, with EPS estimates ranging from $2.72 to $2.98. For the next year, analysts anticipate that the company will report earnings of $3.38 per share, with EPS estimates ranging from $3.28 to $3.48. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Weibo.

Weibo (NASDAQ:WB) last posted its quarterly earnings data on Thursday, May 23rd. The information services provider reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.06. Weibo had a return on equity of 37.16% and a net margin of 35.25%. The business had revenue of $399.18 million for the quarter, compared to analysts’ expectations of $399.65 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis.

A number of analysts recently issued reports on WB shares. BidaskClub upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Benchmark decreased their target price on SINA from $108.00 to $78.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Credit Suisse Group lowered Kingfisher from an “outperform” rating to a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. initiated coverage on TransMedics Group in a research note on Tuesday, May 28th. They issued an “overweight” rating and a $34.00 target price on the stock. Finally, ValuEngine lowered Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $62.06.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Genesis Asset Managers LLP raised its position in shares of Weibo by 92.7% in the 1st quarter. Genesis Asset Managers LLP now owns 3,436,337 shares of the information services provider’s stock worth $112,540,000 after acquiring an additional 1,652,676 shares in the last quarter. BlackRock Inc. raised its position in shares of Weibo by 13.5% in the 4th quarter. BlackRock Inc. now owns 2,773,446 shares of the information services provider’s stock worth $162,054,000 after acquiring an additional 329,944 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Weibo by 21.3% in the 1st quarter. Federated Investors Inc. PA now owns 2,143,962 shares of the information services provider’s stock worth $132,904,000 after acquiring an additional 376,126 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Weibo by 16.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,043,236 shares of the information services provider’s stock worth $126,660,000 after acquiring an additional 292,966 shares in the last quarter. Finally, DSM Capital Partners LLC raised its position in shares of Weibo by 1,996.4% in the 4th quarter. DSM Capital Partners LLC now owns 1,335,749 shares of the information services provider’s stock worth $78,048,000 after acquiring an additional 1,272,034 shares in the last quarter. Institutional investors and hedge funds own 25.78% of the company’s stock.

Shares of NASDAQ WB traded down $0.71 during trading on Wednesday, reaching $40.86. 1,791,233 shares of the stock traded hands, compared to its average volume of 2,247,265. Weibo has a 52-week low of $40.31 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.44 and a quick ratio of 3.44. The firm has a 50-day moving average of $42.61. The stock has a market cap of $9.32 billion, a PE ratio of 16.21, a P/E/G ratio of 0.80 and a beta of 2.22.

Weibo Company Profile

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.

Further Reading: Depreciation

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