Earnings results for Weibo (NASDAQ:WB)
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 endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.42 and remained the same over the past month at 0.42. 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 1.86 and remained the same over the past month at 1.86 . none raised and none lowered their forecast.
Weibo last issued its earnings data on May 19th, 2020. The information services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The company earned $323.40 million during the quarter, compared to analyst estimates of $315.02 million. Its revenue was down 19.0% on a year-over-year basis. Weibo has generated $2.18 earnings per share over the last year and currently has a price-to-earnings ratio of 18.7. Weibo has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 17th, 2020 based off prior year’s report dates.
Analyst Opinion on Weibo (NASDAQ:WB)
9 Wall Street analysts have issued ratings and price targets for Weibo in the last 12 months. Their average twelve-month price target is $45.00, suggesting that the stock has a possible upside of 37.70%. The high price target for WB is $59.00 and the low price target for WB is $34.50. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”
Weibo has received a consensus rating of Hold. The company’s average rating score is 2.22, and is based on 3 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $45.00, Weibo has a potential upside of 37.7% from its current price of $32.68. Weibo has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: Weibo (NASDAQ:WB)
Weibo does not currently pay a dividend. Weibo does not have a long track record of dividend growth.
Insiders buying/selling: Weibo (NASDAQ:WB)
In the past three months, Weibo insiders have not sold or bought any company stock. Only 25.72% of the stock of Weibo is held by institutions.
Earnings and Valuation of Weibo (NASDAQ:WB
Earnings for Weibo are expected to grow by 30.65% in the coming year, from $1.86 to $2.43 per share. The P/E ratio of Weibo is 18.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.42. The P/E ratio of Weibo is 18.67, 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 39.42. Weibo has a PEG Ratio of 2.83. PEG Ratios above 1 indicate that a company could be overvalued. Weibo has a P/B Ratio of 3.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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