HUYA (NYSE:HUYA) Releases Earnings Results, Beats Estimates By $0.30 EPS

HUYA (NYSE:HUYA) issued its quarterly earnings data on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.30, Briefing.com reports. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.29%. HUYA’s revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share.

HUYA Trading Up 0.8 %

NYSE HUYA opened at $3.06 on Thursday. The firm’s fifty day simple moving average is $4.09 and its two-hundred day simple moving average is $4.37. HUYA has a 12-month low of $2.92 and a 12-month high of $6.84. The firm has a market capitalization of $712.06 million, a P/E ratio of -33.94 and a beta of 0.62.

Analyst Upgrades and Downgrades

HUYA has been the topic of several research reports. Bank of America lowered shares of HUYA from a “buy” rating to a “neutral” rating and cut their price objective for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Citigroup raised shares of HUYA from a “sell” rating to a “buy” rating and lifted their price objective for the company from $2.40 to $6.00 in a report on Wednesday, August 14th. Hsbc Global Res lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, HSBC reissued a “hold” rating and set a $4.70 price objective on shares of HUYA in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.93.

About HUYA

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.