HUYA (NYSE:HUYA – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.30, Briefing.com reports. The business 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%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share.
HUYA Stock Up 1.1 %
HUYA stock opened at $3.09 on Friday. The stock’s 50 day moving average price is $4.07 and its 200 day moving average price is $4.36. HUYA has a 1 year low of $2.92 and a 1 year high of $6.84.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Bank of America cut HUYA from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Citigroup reduced their target price on HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a report on Thursday. HSBC reaffirmed a “hold” rating and set a $4.70 price target on shares of HUYA in a research note on Friday, October 11th. Finally, Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.68.
HUYA Company Profile
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.
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