Bilibili (NASDAQ:BILI) Announces Earnings Results, Beats Estimates By $0.47 EPS

Bilibili (NASDAQ:BILI) released its quarterly earnings results on Thursday. The company reported $0.57 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.39) EPS.

Bilibili Trading Down 1.6 %

Shares of NASDAQ:BILI traded down $0.29 during mid-day trading on Friday, reaching $18.30. The stock had a trading volume of 7,703,189 shares, compared to its average volume of 5,822,363. The business’s 50 day moving average price is $20.63 and its 200 day moving average price is $17.02. Bilibili has a 1 year low of $8.80 and a 1 year high of $31.77. The company has a market cap of $7.58 billion, a P/E ratio of -19.89 and a beta of 0.86.

Wall Street Analyst Weigh In

BILI has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of Bilibili from $17.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Sanford C. Bernstein lifted their price target on shares of Bilibili from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Barclays raised shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $14.00 to $19.00 in a research report on Friday, August 23rd. Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley began coverage on Bilibili in a research note on Wednesday, September 25th. They issued an “equal weight” rating and a $20.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Bilibili has an average rating of “Moderate Buy” and a consensus target price 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.