Equities research analysts predict that Weibo Corp (NASDAQ:WB) will post earnings per share of $0.73 for the current quarter, Zacks reports. Zero analysts have provided estimates for Weibo’s earnings, with estimates ranging from $0.69 to $0.76. Weibo reported earnings per share of $0.68 in the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Weibo will report full year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.23. For the next year, analysts anticipate that the firm will report earnings of $3.89 per share, with EPS estimates ranging from $3.83 to $3.96. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Weibo.

Weibo (NASDAQ:WB) last released its earnings results on Thursday, May 23rd. The information services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. Weibo had a return on equity of 37.53% and a net margin of 33.27%. The firm had revenue of $399.18 million during the quarter, compared to analysts’ expectations of $399.65 million. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis.

Several research firms recently issued reports on WB. Zacks Investment Research cut Weibo from a “hold” rating to a “sell” rating in a research report on Friday. Benchmark reiterated a “buy” rating and set a $51.00 target price (down previously from $81.00) on shares of Weibo in a research report on Friday. HSBC cut Weibo from a “hold” rating to a “reduce” rating and set a $45.54 target price for the company. in a research report on Friday. BidaskClub cut Weibo from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Finally, ValuEngine cut Weibo from a “sell” rating to a “strong sell” rating in a research report on Monday, May 20th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $70.17.

Shares of NASDAQ:WB traded down $1.73 during trading on Friday, hitting $43.66. 4,016,853 shares of the company’s stock were exchanged, compared to its average volume of 2,332,426. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.51. Weibo has a 52-week low of $42.70 and a 52-week high of $112.03. The stock has a market capitalization of $9.72 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.85 and a beta of 2.03.

Institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC bought a new stake in shares of Weibo in the 4th quarter valued at approximately $161,521,000. Genesis Asset Managers LLP lifted its stake 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 valued at $112,540,000 after purchasing an additional 1,652,676 shares during the last quarter. Platinum Investment Management Ltd. lifted its stake in shares of Weibo by 118.0% in the 1st quarter. Platinum Investment Management Ltd. now owns 2,768,481 shares of the information services provider’s stock valued at $171,618,000 after purchasing an additional 1,498,519 shares during the last quarter. DSM Capital Partners LLC lifted its stake 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 valued at $78,048,000 after purchasing an additional 1,272,034 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Weibo in the 4th quarter valued at approximately $36,324,000. 26.47% of the stock is owned by institutional investors.

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.

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