Bilibili (NASDAQ:BILI) Issues Earnings Results

Bilibili (NASDAQ:BILI) issued 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. Bilibili had a negative net margin of 21.41% and a negative return on equity of 26.46%. The firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the previous year, the business posted ($0.43) earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year.

Bilibili Stock Up 15.3 %

Shares of Bilibili stock opened at $14.94 on Friday. Bilibili has a 12 month low of $8.80 and a 12 month high of $18.19. The stock has a market cap of $6.17 billion, a PE ratio of -8.95 and a beta of 0.85. The business has a fifty day simple moving average of $15.43 and a 200-day simple moving average of $13.43.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho lifted their target price on Bilibili from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, May 10th. UBS Group raised shares of Bilibili from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $11.90 to $18.00 in a research note on Friday, May 31st. Sanford C. Bernstein increased their target price on shares of Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday. Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $14.00 to $19.00 in a research report on Friday. Finally, Daiwa America upgraded Bilibili from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Bilibili currently has a consensus rating of “Moderate Buy” and an average target price of $16.68.

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.