Weibo (WB) Set to Announce Quarterly Earnings on Tuesday

Weibo (NASDAQ:WB) is scheduled to announce 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Weibo (NASDAQ:WB) last announced 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. The company had revenue of $437.90 million for the quarter, compared to the consensus estimate of $437.97 million. Weibo had a net margin of 18.52% and a return on equity of 11.01%. Weibo’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $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 Trading Up 1.8 %

Shares of NASDAQ WB opened at $8.35 on Friday. The firm’s 50 day moving average price is $8.98 and its 200-day moving average price is $8.52. Weibo has a 52-week low of $7.03 and a 52-week high of $12.47. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market cap of $1.96 billion, a PE ratio of 6.52 and a beta of 0.24.

Wall Street Analyst Weigh In

WB has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on shares of Weibo from $8.00 to $7.50 and set an “underweight” rating for the company in a research note on Friday, August 23rd. StockNews.com downgraded shares of Weibo from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Nomura Securities raised Weibo to a “hold” rating in a report on Monday, August 26th. Finally, Citigroup lifted their price objective on Weibo from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Weibo has an average rating of “Hold” and a consensus 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.