Reports Strong First-Quarter Financial Results 58.com Inc (NYSE:WUBA)

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Earnings results for 58.com Inc (NYSE:WUBA)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingMar 2020 , the consensus EPS* forecast has remained the same over the past week at 999 and remained the same over the past month at 999. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 1.84 and remained the same over the past month at 1.84 . none raised and none lowered their forecast.

Analyst Opinion on 58.com Inc (NYSE:WUBA)

7 Wall Street analysts have issued ratings and price targets for 58.com in the last 12 months. Their average twelve-month price target is $61.88, suggesting that the stock has a possible upside of 14.38%. The high price target for WUBA is $72.00 and the low price target for WUBA is $53.00. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

58.com has received a consensus rating of Hold. The company’s average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $61.88, 58.com has a potential upside of 14.4% from its current price of $54.10. 58.com has received no research coverage in the past 90 days.

Dividend Strength: 58.com Inc (NYSE:WUBA)

58.com does not currently pay a dividend. 58.com does not have a long track record of dividend growth.

Insiders buying/selling: 58.com Inc (NYSE:WUBA)

In the past three months, 58.com insiders have not sold or bought any company stock. Only 11.85% of the stock of 58.com is held by insiders. 62.78% of the stock of 58.com is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of 58.com Inc (NYSE:WUBA

Earnings for 58.com are expected to grow by 48.91% in the coming year, from $1.84 to $2.74 per share. The P/E ratio of 58.com is 6.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.83. The P/E ratio of 58.com is 6.81, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.29. 58.com has a PEG Ratio of 1.41. PEG Ratios above 1 indicate that a company could be overvalued. 58.com has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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