Bilibili (NASDAQ:BILI) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Bilibili (NASDAQ:BILI) announced its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02, Zacks reports. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Bilibili had a negative return on equity of 8.28% and a negative net margin of 5.01%.

Bilibili Stock Performance

Shares of NASDAQ BILI opened at $22.82 on Friday. Bilibili has a one year low of $9.63 and a one year high of $31.77. The business has a 50-day moving average price of $18.27 and a two-hundred day moving average price of $18.58.

Analyst Ratings Changes

Several brokerages have recently weighed in on BILI. Benchmark upped their price objective on Bilibili from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday. Daiwa Capital Markets upgraded Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday, November 8th. Bank of America increased their price target on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research report on Friday, October 25th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Barclays increased their price target on Bilibili from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.33.

Bilibili Company Profile

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.