Bilibili (NASDAQ:BILI) Announces Earnings Results

Bilibili (NASDAQ:BILI) posted its quarterly earnings data on Thursday. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.47, Briefing.com reports. Bilibili had a negative return on equity of 15.10% and a negative net margin of 10.73%. The company had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.14 billion. During the same quarter last year, the company earned ($0.39) earnings per share. The firm’s quarterly revenue was up 25.8% on a year-over-year basis.

Bilibili Stock Down 1.6 %

BILI traded down $0.29 during midday trading on Friday, hitting $18.30. The company had a trading volume of 7,703,189 shares, compared to its average volume of 5,822,363. The stock’s 50 day moving average price is $20.63 and its 200 day moving average price is $17.02. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of -19.89 and a beta of 0.86. Bilibili has a 52 week low of $8.80 and a 52 week high of $31.77.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. 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. Bank of America increased their price target on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a research note on Friday, October 25th. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Thursday, August 22nd. Finally, Sanford C. Bernstein lifted their price objective on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.