Weibo Corporation (WB) closed at $59.04 in the latest trading session, marking a +0.08% move from the prior day. The stock lagged the S&P 500's daily gain of 0.89%. Elsewhere, the Dow gained 0.84%, while the tech-heavy Nasdaq added 0.97%.
Heading into today, shares of the company had lost 17.09% over the past month, lagging the Computer and Technology sector's loss of 2.6% and the S&P 500's loss of 1.68% in that time.
Wall Street will be looking for positivity from WB as it approaches its next earnings report date. This is expected to be May 23, 2019. In that report, analysts expect WB to post earnings of $0.55 per share. This would mark year-over-year growth of 10%. Meanwhile, our latest consensus estimate is calling for revenue of $401.51 million, up 14.76% from the prior-year quarter.
WB's full-year Zacks Consensus Estimates are calling for earnings of $3.12 per share and revenue of $2.07 billion. These results would represent year-over-year changes of +14.29% and +20.51%, respectively.
Investors should also note any recent changes to analyst estimates for WB. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. WB is currently a Zacks Rank #3 (Hold).
Investors should also note WB's current valuation metrics, including its Forward P/E ratio of 18.89. This represents a discount compared to its industry's average Forward P/E of 27.18.
Meanwhile, WB's PEG ratio is currently 0.9. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Internet - Content industry currently had an average PEG ratio of 1.1 as of yesterday's close.
The Internet - Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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