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Analysts on Wall Street project that Weibo Corporation (WB) will announce quarterly earnings of $0.46 per share in its forthcoming report, representing a decline of 19.3% year over year. Revenues are projected to reach $435.42 million, declining 1.5% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Weibo metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Net revenues- Value-added service' will likely reach $57.82 million. The estimate indicates a year-over-year change of -3.9%.
Analysts expect 'Net revenues- Advertising and marketing' to come in at $377.60 million. The estimate indicates a change of -4% from the prior-year quarter.
The average prediction of analysts places 'Average daily active users (DAUs)' at 257.95 million. Compared to the present estimate, the company reported 260 million in the same quarter last year.
Based on the collective assessment of analysts, 'Monthly active users (MAUs)' should arrive at 593.90 million. The estimate compares to the year-ago value of 605 million.
View all Key Company Metrics for Weibo here>>>
Shares of Weibo have demonstrated returns of -11.8% over the past month compared to the Zacks S&P 500 composite's +3.1% change. With a Zacks Rank #3 (Hold), WB is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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