EPS for Weibo Corporation (WB) Expected At $0.73

October 13, 2018 - By Louis Casey

Investors sentiment decreased to 1.23 in 2018 Q2. Its down 0.25, from 1.48 in 2018Q1. It is negative, as 49 investors sold Weibo Corporation shares while 62 reduced holdings. 44 funds opened positions while 92 raised stakes. 46.84 million shares or 23.44% more from 37.95 million shares in 2018Q1 were reported.
Legal General Public Ltd reported 204,666 shares or 0.01% of all its holdings. Korea Inv Corp holds 22,900 shares. Geode Mngmt Ltd Llc owns 121,773 shares for 0% of their portfolio. Hilton Cap Mngmt Lc holds 0.11% or 7,430 shares in its portfolio. Cubist Systematic Strategies Ltd Liability reported 0.23% stake. Swiss Savings Bank owns 0.01% invested in Weibo Corporation (NASDAQ:WB) for 92,353 shares. Highbridge Cap Mngmt Ltd Company accumulated 16,500 shares or 0.03% of the stock. Great West Life Assurance Can, Manitoba – Canada-based fund reported 24,672 shares. Daiwa Secs Gp Incorporated reported 7,695 shares stake. Canada Pension Plan Board invested 0.02% of its portfolio in Weibo Corporation (NASDAQ:WB). Moreover, Moneta Grp Investment Advsr Ltd has 0% invested in Weibo Corporation (NASDAQ:WB) for 3,466 shares. Connor Clark & Lunn Mgmt Limited has invested 0.13% in Weibo Corporation (NASDAQ:WB). Dekabank Deutsche Girozentrale has invested 0.01% in Weibo Corporation (NASDAQ:WB). Fifth Third Bank accumulated 31,992 shares. Origin Asset Mngmt Llp owns 1.1% invested in Weibo Corporation (NASDAQ:WB) for 174,900 shares.

Analysts expect Weibo Corporation (NASDAQ:WB) to report $0.73 EPS on November, 6.They anticipate $0.28 EPS change or 62.22 % from last quarter’s $0.45 EPS. WB’s profit would be $162.57M giving it 20.42 P/E if the $0.73 EPS is correct. After having $0.62 EPS previously, Weibo Corporation’s analysts see 17.74 % EPS growth. The stock increased 6.84% or $3.82 during the last trading session, reaching $59.64. About 2.99M shares traded or 29.32% up from the average. Weibo Corporation (NASDAQ:WB) has declined 34.98% since October 14, 2017 and is downtrending. It has underperformed by 50.60% the S&P500.

Weibo Corporation (NASDAQ:WB) Ratings Coverage

Among 3 analysts covering Weibo (NASDAQ:WB), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Weibo had 3 analyst reports since July 30, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 9 by Jefferies. Barclays Capital maintained the stock with “Overweight” rating in Monday, July 30 report. The stock has “Overweight” rating by JP Morgan on Wednesday, August 29.

Weibo Corporation operates as a social media platform for people to create, distribute, and discover Chinese-language content. The company has market cap of $13.28 billion. It operates through two divisions, Advertising and Marketing Services, and Other Services. It has a 28.69 P/E ratio. The firm offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform; and notifications to notify users on Weibo account activities through SMS or push notification on their device.

Another recent and important Weibo Corporation (NASDAQ:WB) news was published by Seekingalpha.com which published an article titled: “Potential Multibaggers: Weibo, The Twitter Of China” on September 22, 2018.

Weibo Corporation (NASDAQ:WB) Ratings Chart

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