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

Bilibili (NASDAQ:BILI) announced 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. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.10%. The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.14 billion. During the same quarter last year, the firm earned ($0.39) EPS. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year.

Bilibili Trading Down 1.6 %

Shares of BILI stock traded down $0.29 during trading hours on Friday, reaching $18.30. 7,703,189 shares of the company’s stock were exchanged, compared to its average volume of 5,822,363. The stock’s 50 day moving average is $20.63 and its 200-day moving average is $17.02. Bilibili has a fifty-two week low of $8.80 and a fifty-two week high of $31.77. The company has a market cap of $7.58 billion, a price-to-earnings ratio of -19.89 and a beta of 0.86.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BILI. Daiwa America raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.50 to $22.60 in a research note on Thursday, September 26th. Daiwa Capital Markets raised shares of Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Benchmark raised their price objective on shares of Bilibili from $16.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Bank of America raised their price objective on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bilibili currently has a consensus 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.