Weibo Corporation (WB - Free Report) closed the most recent trading day at $55.45, moving +0.13% from the previous trading session. This change outpaced the S&P 500's 2.06% loss on the day. At the same time, the Dow lost 1.81%, and the tech-heavy Nasdaq lost 2.99%.
Coming into today, shares of the company had lost 7.79% in the past month. In that same time, the Computer and Technology sector lost 2.89%, while the S&P 500 lost 6.47%.
Investors will be hoping for strength from WB as it approaches its next earnings release, which is expected to be February 12, 2019. On that day, WB is projected to report earnings of $0.80 per share, which would represent year-over-year growth of 25%. Meanwhile, our latest consensus estimate is calling for revenue of $486.67 million, up 28.94% from the prior-year quarter.
WB's full-year Zacks Consensus Estimates are calling for earnings of $2.72 per share and revenue of $1.72 billion. These results would represent year-over-year changes of +51.11% and +49.71%, respectively.
Any recent changes to analyst estimates for WB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.25% higher within the past month. WB is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note WB's current valuation metrics, including its Forward P/E ratio of 20.36. This valuation marks a premium compared to its industry's average Forward P/E of 17.01.
Also, we should mention that WB has a PEG ratio of 0.71. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Content stocks are, on average, holding a PEG ratio of 0.71 based on yesterday's closing prices.
The Internet - Content industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 153, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WB in the coming trading sessions, be sure to utilize Zacks.com.