Analysts Are Revising Their Forecasts Weibo (NASDAQ:WB)

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Earnings results for Weibo (NASDAQ:WB)

Weibo Corporation is estimated to report earnings on 11/26/2020. 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 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.54. The reported EPS for the same quarter last year was $0.64.

Weibo last released its earnings data on September 28th, 2020. The information services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The business earned $387.40 million during the quarter, compared to analyst estimates of $380.63 million. Its revenue was down 10.3% compared to the same quarter last year. Weibo has generated $2.18 earnings per share over the last year and currently has a price-to-earnings ratio of 20.3. Weibo has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 26th, 2020 based off prior year’s report dates.

Analyst Opinion on Weibo (NASDAQ:WB)

6 Wall Street analysts have issued ratings and price targets for Weibo in the last 12 months. Their average twelve-month price target is $42.17, predicting that the stock has a possible downside of 3.33%. The high price target for WB is $50.00 and the low price target for WB is $34.50. There are currently 1 sell rating, 3 hold ratings and 2 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 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $42.17, Weibo has a forecasted downside of 3.3% from its current price of $43.62. Weibo has received no research coverage 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 25.39% of the stock of Weibo is held by institutions.

Earnings and Valuation of Weibo (NASDAQ:WB

Earnings for Weibo are expected to grow by 35.43% in the coming year, from $1.75 to $2.37 per share. The P/E ratio of Weibo is 20.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.69. The P/E ratio of Weibo is 20.29, 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 76.23. Weibo has a PEG Ratio of 3.35. PEG Ratios above 1 indicate that a company could be overvalued. Weibo has a P/B Ratio of 4.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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