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

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

Weibo Stock Performance

NASDAQ WB opened at $10.76 on Thursday. The firm’s 50 day simple moving average is $10.14 and its 200 day simple moving average is $9.44. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.51. Weibo has a 1 year low of $7.03 and a 1 year high of $12.40. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 7.37 and a beta of 0.27.

Analyst Upgrades and Downgrades

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