58.com (WUBA) Set to Announce Quarterly Earnings on Thursday

58.com (NYSE:WUBA) will be announcing its earnings results before the market opens on Thursday, August 16th.

58.com (NYSE:WUBA) last posted its earnings results on Wednesday, May 23rd. The information services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. 58.com had a return on equity of 7.54% and a net margin of 13.92%. The company had revenue of $393.00 million for the quarter, compared to the consensus estimate of $373.98 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. 58.com’s revenue was up 36.4% on a year-over-year basis. On average, analysts expect 58.com to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

WUBA stock opened at $61.92 on Wednesday. 58.com has a fifty-two week low of $52.45 and a fifty-two week high of $89.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 46.56 and a beta of 1.92.

A number of research analysts have weighed in on WUBA shares. Zacks Investment Research raised 58.com from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 31st. ValuEngine raised 58.com from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, TheStreet downgraded 58.com from a “b-” rating to a “c+” rating in a report on Thursday, June 28th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $79.33.

About 58.com

58.com Inc operates online classifieds and listing platforms that enable local businesses and consumers to connect, share information, and conduct business in the People's Republic of China. It operates multi-content category online classified platforms primarily under the 58 and Ganji names; and Anjuke, an online real estate listing platform.

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Earnings History for 58.com (NYSE:WUBA)

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