Weibo Co. (NASDAQ:WB) Expected to Announce Quarterly Sales of $479.40 Million

Equities research analysts expect that Weibo Co. (NASDAQ:WBGet Rating) will report sales of $479.40 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Weibo’s earnings, with the lowest sales estimate coming in at $472.59 million and the highest estimate coming in at $486.21 million. Weibo reported sales of $458.90 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Weibo will report full-year sales of $2.38 billion for the current fiscal year, with estimates ranging from $2.35 billion to $2.43 billion. For the next year, analysts expect that the business will post sales of $2.62 billion, with estimates ranging from $2.58 billion to $2.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Weibo.

Weibo (NASDAQ:WBGet Rating) last posted its earnings results on Thursday, March 3rd. The information services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.25). The firm had revenue of $616.30 million for the quarter, compared to analyst estimates of $607.41 million. Weibo had a net margin of 18.98% and a return on equity of 13.38%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share.

A number of analysts have recently weighed in on WB shares. The Goldman Sachs Group started coverage on shares of Weibo in a research note on Sunday, April 10th. They issued a “hold” rating and a $37.50 price target for the company. StockNews.com started coverage on shares of Weibo in a research note on Thursday, March 31st. They issued a “hold” rating for the company. UBS Group lowered shares of Weibo from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $64.00 to $27.80 in a research note on Friday, March 11th. 86 Research raised shares of Weibo from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, March 4th. Finally, JPMorgan Chase & Co. cut their target price on shares of Weibo from $32.00 to $24.00 in a research note on Monday, March 14th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Weibo currently has a consensus rating of “Hold” and an average target price of $44.37.

Shares of NASDAQ:WB opened at $20.95 on Friday. The company has a 50 day moving average of $25.68 and a 200-day moving average of $33.60. The firm has a market cap of $4.96 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.74 and a beta of 0.91. Weibo has a twelve month low of $18.62 and a twelve month high of $64.70. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.42.

Several hedge funds have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its holdings in shares of Weibo by 4.1% during the third quarter. Vontobel Holding Ltd. now owns 5,579 shares of the information services provider’s stock valued at $265,000 after acquiring an additional 221 shares during the period. Eaton Vance Management increased its stake in Weibo by 56.0% in the 3rd quarter. Eaton Vance Management now owns 780 shares of the information services provider’s stock valued at $37,000 after buying an additional 280 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Weibo by 8.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 5,683 shares of the information services provider’s stock valued at $163,000 after buying an additional 452 shares during the period. Pictet Asset Management SA increased its stake in Weibo by 0.7% in the 4th quarter. Pictet Asset Management SA now owns 76,995 shares of the information services provider’s stock valued at $2,385,000 after buying an additional 500 shares during the period. Finally, Parallel Advisors LLC increased its stake in Weibo by 331.3% in the 4th quarter. Parallel Advisors LLC now owns 828 shares of the information services provider’s stock valued at $26,000 after buying an additional 636 shares during the period. Institutional investors and hedge funds own 71.44% of the company’s stock.

About Weibo (Get Rating)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover 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.

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