Factors Likely to Have Influenced Earnings Results Weibo (NASDAQ:WB)

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Earnings results for Weibo (NASDAQ:WB)

Weibo Corporation is estimated to report earnings on 08/31/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.42. The reported EPS for the same quarter last year was $0.46.

Analyst Opinion on Weibo (NASDAQ:WB)

8 Wall Street analysts have issued ratings and price targets for Weibo in the last 12 months. Their average twelve-month price target is $44.57, predicting that the stock has a possible upside of 15.80%. 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, 4 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 2.25, and is based on 3 buy ratings, 4 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $44.57, Weibo has a forecasted upside of 15.8% from its current price of $38.49. Weibo has only been the subject of 1 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 21.99, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.60. The P/E ratio of Weibo is 21.99, 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 52.84. Weibo has a PEG Ratio of 3.17. PEG Ratios above 1 indicate that a company could be overvalued. Weibo has a P/B Ratio of 3.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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