Equities analysts predict that Weibo (NASDAQ:WB) will report $426.96 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Weibo’s earnings. The highest sales estimate is $428.91 million and the lowest is $425.00 million. Weibo reported sales of $253.37 million during the same quarter last year, which would suggest a positive year over year growth rate of 68.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, August 8th.
On average, analysts expect that Weibo will report full year sales of $1.85 billion for the current fiscal year, with estimates ranging from $1.80 billion to $1.91 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.62 billion per share, with estimates ranging from $2.50 billion to $2.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Weibo.
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Weibo (NASDAQ:WB) last posted its quarterly earnings data on Wednesday, May 9th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.08. Weibo had a return on equity of 36.15% and a net margin of 31.12%. The company had revenue of $319.90 million for the quarter, compared to analysts’ expectations of $343.91 million. During the same period in the previous year, the firm posted $0.26 EPS. Weibo’s revenue was up 60.6% compared to the same quarter last year.
Several equities research analysts recently issued reports on WB shares. Zacks Investment Research upgraded Weibo from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Barclays reiterated an “overweight” rating and issued a $150.00 price objective on shares of Weibo in a report on Wednesday, February 14th. Benchmark lifted their price objective on Weibo from $110.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price objective on Weibo from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, BidaskClub upgraded Weibo from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Weibo presently has a consensus rating of “Buy” and an average target price of $134.67.
WB stock opened at $103.48 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.99 and a current ratio of 3.99. Weibo has a 12-month low of $65.65 and a 12-month high of $142.12. The stock has a market capitalization of $22.44 billion, a P/E ratio of 66.33 and a beta of 2.61.
Institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of Weibo during the 4th quarter valued at approximately $203,000. YorkBridge Wealth Partners LLC raised its position in shares of Weibo by 70.2% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,801 shares of the information services provider’s stock valued at $212,000 after buying an additional 743 shares during the period. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Weibo during the 4th quarter valued at approximately $218,000. Sterling Capital Management LLC purchased a new stake in shares of Weibo during the 4th quarter valued at approximately $218,000. Finally, Greenleaf Trust purchased a new stake in shares of Weibo during the 1st quarter valued at approximately $232,000. Institutional investors and hedge funds own 23.87% of the company’s stock.
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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