Bilibili (NASDAQ:BILI) Issues Quarterly Earnings Results

Bilibili (NASDAQ:BILI) announced its earnings results on Thursday. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.47, Briefing.com reports. The firm 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%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.39) EPS.

Bilibili Trading Down 1.6 %

NASDAQ BILI traded down $0.29 during trading on Friday, hitting $18.30. 7,703,189 shares of the company traded hands, compared to its average volume of 5,822,363. Bilibili has a 12 month low of $8.80 and a 12 month high of $31.77. The business has a fifty day simple moving average of $20.63 and a 200 day simple moving average of $17.02. The company has a market capitalization of $7.58 billion, a P/E ratio of -19.89 and a beta of 0.86.

Wall Street Analysts Forecast Growth

BILI has been the topic of several research analyst reports. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Mizuho lifted their price target on Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Daiwa America upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Bank of America lifted 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. Finally, The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.50 to $22.60 in a report on Thursday, September 26th. Three investment 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, Bilibili presently has an average rating of “Moderate Buy” and a consensus price target of $19.24.

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.