Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
On Thursday, May 23, SINA (NASDAQ:SINA) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Wall Street analysts see SINA reporting earnings of 42 cents per share on sales of $473.18 million.
The analyst consensus estimate would represent a 10.64 percent decline in the company's EPS figure. Sales would be up 8.00 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 |
| EPS Estimate | 0.8 | 0.69 | 0.71 | 0.42 |
| EPS Actual | 0.8 | 0.93 | 0.89 | 0.47 |
Stock Performance
Shares of SINA were trading at $48.78 as of May 22. Over the last 52-week period, shares are down 45.93 percent. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The popular rating by analysts on SINA stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
SINA is scheduled to hold a conference call at 8:40 a.m. ET and can be accessed here: https://edge.media-server.com/m6/p/ktahkvro
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.