Bilibili (BILI) Scheduled to Post Earnings on Thursday

Bilibili (NASDAQ:BILI) will be posting 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Bilibili (NASDAQ:BILI) last issued 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). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The business had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same period in the previous year, the business posted ($0.43) earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, analysts expect Bilibili to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bilibili Stock Down 4.6 %

NASDAQ BILI opened at $22.16 on Thursday. The business’s 50-day moving average price is $19.72 and its 200 day moving average price is $16.59. The firm has a market cap of $9.18 billion, a P/E ratio of -16.54 and a beta of 0.86. Bilibili has a 52-week low of $8.80 and a 52-week high of $31.77.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Nomura Securities raised shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Morgan Stanley started coverage on Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price for the company. Barclays upgraded Bilibili from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $14.00 to $19.00 in a research note on Friday, August 23rd. Nomura raised Bilibili from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, August 22nd. Finally, Bank of America increased their price target on shares of Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.