NYSE:WUBA - 58.com Stock Price, Forecast & News

58.com trades on the New York Stock Exchange (NYSE) under the ticker symbol "WUBA."

58.com Inc (NYSE:WUBA) released its quarterly earnings results on Monday, November, 18th. The information services provider reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.67 by $0.29. The information services provider earned $602 million during the quarter, compared to the consensus estimate of $589.12 million. 58.com had a net margin of 40.54% and a return on equity of 24.00%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. View 58.com's Earnings History.

58.com is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for 58.com.

58.com updated its fourth quarter 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$572.608-586.747 million, compared to the consensus revenue estimate of $$585.93 million.

7 brokerages have issued 12 month price objectives for 58.com's stock. Their forecasts range from $40.00 to $83.00. On average, they expect 58.com's stock price to reach $61.66 in the next year. This suggests a possible upside of 4.8% from the stock's current price. View Analyst Price Targets for 58.com.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for 58.com in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for 58.com.

Headlines about WUBA stock have been trending somewhat positive recently, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. 58.com earned a coverage optimism score of 1.3 on InfoTrie's scale. They also gave news articles about the information services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for 58.com.

Some companies that are related to 58.com include IHS Markit (INFO), Twitter (TWTR), Snap (SNAP), Match Group (MTCH), Zoom Video Communications (ZM), Yandex (YNDX), Line (LN), Trade Desk (TTD), FactSet Research Systems (FDS), Pinterest (PINS), Weibo (WB), Stars Group (TSG), InterXion (INXN), Sabre (SABR) and Wix.Com (WIX).

Based on aggregate information from My MarketBeat watchlists, some companies that other 58.com investors own include Alibaba Group (BABA), NVIDIA (NVDA), Baidu (BIDU), Micron Technology (MU), YY (YY), Twitter (TWTR), Netflix (NFLX), Intel (INTC), JD.Com (JD) and Tesla (TSLA).

58.com's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Genesis Investment Management LLP (5.47%), Coronation Fund Managers Ltd. (3.48%), State Street Corp (1.32%), Comgest Global Investors S.A.S. (0.48%), Maple Brown Abbott Ltd (0.25%) and Matthews International Capital Management LLC (0.25%).

WUBA stock was sold by a variety of institutional investors in the last quarter, including Man Group plc, KEYWISE CAPITAL MANAGEMENT Ltd, Russell Investments Group Ltd., Handelsbanken Fonder AB, Penserra Capital Management LLC, Pictet Asset Management Ltd., Barclays PLC and River & Mercantile Asset Management LLP.

WUBA stock was bought by a variety of institutional investors in the last quarter, including Genesis Investment Management LLP, Coronation Fund Managers Ltd., Comgest Global Investors S.A.S., GW&K Investment Management LLC, California Public Employees Retirement System, State Street Corp, Maple Brown Abbott Ltd and Maverick Capital Ltd..

Shares of WUBA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of WUBA stock can currently be purchased for approximately $58.82.

58.com has a market capitalization of $8.75 billion and generates $1.91 billion in revenue each year. The information services provider earns $310.23 million in net income (profit) each year or $1.94 on an earnings per share basis. 58.com employs 22,916 workers across the globe.View Additional Information About 58.com.

The official website for 58.com is http://g.58.com/.

58.com's mailing address is Building 105 10 Jiuxianqiao North Road Jia, Beijing F4, 100015. The information services provider can be reached via phone at 86-10-5956-5858.