Weibo (NASDAQ:WB) Posts Earnings Results, Misses Expectations By $0.10 EPS

Weibo (NASDAQ:WB) released its quarterly earnings data on Thursday. The information services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10), Zacks reports. Weibo had a net margin of 21.30% and a return on equity of 11.03%.

Weibo Stock Performance

NASDAQ WB opened at $10.76 on Thursday. The stock has a market cap of $2.61 billion, a PE ratio of 7.37 and a beta of 0.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.57 and a current ratio of 3.57. The firm has a 50-day moving average of $10.14 and a 200-day moving average of $9.44. Weibo has a 52-week low of $7.03 and a 52-week high of $12.40.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Benchmark reissued 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 report on Friday, December 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Weibo currently has an average rating of “Hold” and an average price target 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.