Bilibili (BILI) Scheduled to Post Quarterly Earnings on Thursday

Bilibili (NASDAQ:BILI) is set to post its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Bilibili to post earnings of $0.10 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Bilibili (NASDAQ:BILI) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.55). The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.10 billion. Bilibili had a negative net margin of 16.71% and a negative return on equity of 22.44%. Bilibili’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company 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 Stock Up 0.7 %

NASDAQ:BILI opened at $22.75 on Tuesday. The stock’s 50 day moving average price is $20.08 and its two-hundred day moving average price is $16.78. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of -16.99 and a beta of 0.86. Bilibili has a 12-month low of $8.80 and a 12-month high of $31.77.

Analyst Upgrades and Downgrades

BILI has been the topic of several research reports. Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday. Daiwa America downgraded Bilibili from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Bank of America increased their price target on Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a research report on Friday, October 25th. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, August 22nd. Finally, Morgan Stanley started coverage on Bilibili in a research report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 price target on the stock. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.