Bilibili (NASDAQ:BILI) Issues Quarterly Earnings Results

Bilibili (NASDAQ:BILI) released its earnings results on Thursday. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.47, Briefing.com reports. The business had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.14 billion. Bilibili had a negative return on equity of 15.10% and a negative net margin of 10.73%. Bilibili’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.39) earnings per share.

Bilibili Stock Down 1.6 %

Shares of BILI traded down $0.29 during trading hours on Friday, hitting $18.30. 7,703,189 shares of the company were exchanged, compared to its average volume of 5,822,363. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $31.77. The company has a market cap of $7.58 billion, a price-to-earnings ratio of -19.89 and a beta of 0.86. The firm’s fifty day moving average is $20.63 and its 200 day moving average is $17.02.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Benchmark upped their target price on shares of Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a report on Friday. Mizuho raised their price objective on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Morgan Stanley initiated coverage on Bilibili in a report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price on the stock. Nomura raised shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, August 22nd. Finally, Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.24.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.