Bilibili (NASDAQ:BILI) Announces Earnings Results, Misses Estimates By $0.55 EPS

Bilibili (NASDAQ:BILI) posted its quarterly earnings results on Thursday. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.55), Briefing.com reports. The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.10 billion. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. Bilibili’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.43) EPS.

Bilibili Price Performance

Shares of BILI stock traded up $1.98 during mid-day trading on Friday, hitting $14.94. The stock had a trading volume of 14,321,302 shares, compared to its average volume of 6,948,635. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $18.19. The company’s 50-day simple moving average is $15.43 and its 200-day simple moving average is $13.41. The firm has a market cap of $6.17 billion, a PE ratio of -8.95 and a beta of 0.85.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Nomura upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday. Mizuho raised their price target on Bilibili from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Daiwa Capital Markets raised Bilibili from a “neutral” rating to an “outperform” rating in a research report on Thursday. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $19.00 in a research report on Friday. Finally, UBS Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.90 to $18.00 in a research note on Friday, May 31st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Bilibili has an average rating of “Moderate Buy” and an average target price of $16.68.

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.