This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Weibo Corp Q2 Earnings: What To Expect?

While bullish investors and market watchers are confident that Weibo will exhibit growth in revenue, bearish lot has its own reasons be cautious.

Weibo Corp ADR (WB) is set to announce its second-quarter 2014 earnings on Thursday, August 14 th. As per analysts estimate, the company is expected to post earnings per share of $0.03 and revenue is expected to come in at $75.87 million.

Shift to mobile chat apps a concern

In the first-quarter, the company posted earnings per share of $0.03, whereas revenue clogged in at $67.50 million, more than the consensus estimate of $25.90 million. For the full fiscal, analysts are expecting the company to post Earnings per share of $-0.01. For next fiscal EPS is estimated at $0.31.

Those bullish on the stock are expecting increased revenue from Weibo, just as Twitter saw the growth, in the wake of rising social media in China. Using Weibo services, Chinese users share their views with each other and government authorities are able to convey information to people. However, shift of users from the micro-blogs and social networks to mobile chat apps could eat into the growth of Weibo because revenue from ads will shift following the shift of the medium.

Weibo fighting back

Weibo, which is often dubbed as "China's Twitter," recently launched a video recording and direct video playback on its iOS and Android apps. The company is trying to enhance user activity on its platform in the wake of declining user engagement and cut throat competition from rival Tencent's WeChat messaging service.

Users can access the video recording feature after updating the app. Video feature is integrated with the camera feature of the app and can be activated by sliding. After recording the video, users can share it immediately.

Weibo has been subjected to a number of analyst ratings recently. Citigroup analysts started coverage on shares and assigned Buy rating to the stock with the price target of $22.60, in a research note to the investors on Thursday, July 24 th. ISI Group, also, started coverage of the stock with a Buy rating, in a research note on July 22 nd. Separately, analyst at Tigress Financial started coverage of shares and assigned Buy rating to the stock, in their research note on July 22 nd. Weibo, currently, has a consensus rating of Buy and a consensus price target of $19.75.

On Wednesday, Weibo shares closed up 1.14% at $20.32, and the company has a one-year low of $16.26 and a one-year high of $24.48.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
WB $13.34 0.00%
AAPL $128.46 0.00%
FB $78.97 0.00%
GOOG $558.40 0.00%
TSLA $203.34 0.00%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs