Weibo (WB) Scheduled to Post Earnings on Tuesday

Weibo (NASDAQ:WB - Get Free Report) is scheduled to release its earnings data before the market opens on Tuesday, November 19th. Analysts expect Weibo to post earnings of $0.40 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The information services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.10. Weibo had a return on equity of 11.01% and a net margin of 18.52%. The company had revenue of $437.90 million during the quarter, compared to analysts' expectations of $437.97 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The business's revenue for the quarter 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 Price Performance

Shares of NASDAQ WB traded down $0.35 during trading on Tuesday, reaching $8.27. The company had a trading volume of 2,441,901 shares, compared to its average volume of 2,036,149. Weibo has a twelve month low of $7.03 and a twelve month high of $12.54. The stock has a market capitalization of $1.94 billion, a PE ratio of 6.46 and a beta of 0.24. The stock has a 50-day moving average price of $8.92 and a two-hundred day moving average price of $8.53. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.55.

Analyst Ratings Changes

WB has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Weibo from $8.00 to $7.50 and set an "underweight" rating for the company in a report on Friday, August 23rd. Citigroup boosted their price target on Weibo from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Nomura Securities upgraded 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 research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Weibo currently has an average rating of "Hold" and a consensus price target of $10.23.

Weibo Company Profile

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.