Weibo (WB) Expected to Announce Quarterly Earnings on Thursday

Weibo (NASDAQ:WB) is anticipated to announce its earnings results before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $451.76 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Weibo Price Performance

NASDAQ:WB opened at $10.67 on Thursday. The business’s 50-day moving average price is $10.00 and its 200 day moving average price is $9.33. The firm has a market cap of $2.59 billion, a P/E ratio of 7.31 and a beta of 0.27. Weibo has a 52-week low of $7.03 and a 52-week high of $12.40. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.51.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Weibo in a research report on Wednesday, November 20th. StockNews.com upgraded Weibo from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Weibo has a consensus rating of “Hold” and a consensus target price of $10.28.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.