Bilibili (BILI) Set to Announce Earnings on Thursday

Bilibili (NASDAQ:BILI) will release its earnings data before the market opens on Thursday, November 14th. Analysts expect Bilibili to post earnings of $0.10 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Bilibili (NASDAQ:BILI) last issued its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The business had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.43) EPS. On average, analysts expect Bilibili to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bilibili Price Performance

Shares of Bilibili stock opened at $22.75 on Tuesday. Bilibili has a 1-year low of $8.80 and a 1-year high of $31.77. The company’s fifty day simple moving average is $20.08 and its 200-day simple moving average is $16.78. The stock has a market capitalization of $9.43 billion, a PE ratio of -16.99 and a beta of 0.86.

Analysts Set New Price Targets

A number of research firms recently weighed in on BILI. Barclays upgraded shares of Bilibili from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. Sanford C. Bernstein lifted 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, August 23rd. Daiwa America cut shares of Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group upgraded shares of Bilibili from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.50 to $22.60 in a research note on Thursday, September 26th. Finally, Bank of America boosted their price target 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. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.15.

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.