Advertisement
Canada markets closed

  • S&P/TSX

    21,639.10
    -59.00 (-0.27%)
     

  • S&P 500

    5,431.60
    -2.14 (-0.04%)
     

  • DOW

    38,589.16
    -57.94 (-0.15%)
     

  • CAD/USD

    0.7282
    -0.0002 (-0.02%)
     

  • CRUDE OIL

    78.26
    -0.19 (-0.24%)
     

  • Bitcoin CAD

    91,702.71
    +823.97 (+0.91%)
     

  • CMC Crypto 200

    1,384.99
    -32.88 (-2.32%)
     

  • GOLD FUTURES

    2,340.80
    -8.30 (-0.35%)
     

  • RUSSELL 2000

    2,006.16
    -32.75 (-1.61%)
     

  • 10-Yr Bond

    4.2130
    -0.0250 (-0.59%)
     

  • NASDAQ futures

    19,712.25
    +26.75 (+0.14%)
     

  • VOLATILITY

    12.66
    +0.72 (+6.03%)
     

  • FTSE

    8,146.86
    -16.81 (-0.21%)
     

  • NIKKEI 225

    38,141.10
    -673.46 (-1.74%)
     

  • CAD/EUR

    0.6800
    +0.0002 (+0.03%)
     

Weibo (WB) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2 min read

Weibo Corporation (WB) reported $395.5 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.4%. EPS of $0.41 for the same period compares to $0.47 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $396.5 million, representing a surprise of -0.25%. The company delivered an EPS surprise of +2.50%, with the consensus EPS estimate being $0.40.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how Weibo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Average daily active users (DAUs): 255 million versus 262.37 million estimated by two analysts on average.

  • Monthly active users (MAUs): 588 million versus 609.59 million estimated by two analysts on average.

  • Net revenues- Value-added service: $56.55 million versus $53.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.

  • Net revenues- Advertising and marketing: $338.95 million versus $342.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.6% change.

View all Key Company Metrics for Weibo here>>>

Shares of Weibo have returned +4% over the past month versus the Zacks S&P 500 composite's +6.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Weibo Corporation (WB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research