Bilibili (BILI) Scheduled to Post Quarterly Earnings on Thursday

Bilibili (NASDAQ:BILI) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors interested in registering for the company’s 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 for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the previous year, the company earned ($0.43) EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, analysts expect Bilibili to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bilibili Stock Performance

NASDAQ:BILI opened at $22.16 on Thursday. The firm’s fifty day moving average is $19.72 and its two-hundred day moving average is $16.59. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of -16.54 and a beta of 0.86. Bilibili has a one year low of $8.80 and a one year high of $31.77.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BILI. The Goldman Sachs Group raised Bilibili from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.50 to $22.60 in a report on Thursday, September 26th. Nomura Securities upgraded shares of Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 22nd. Morgan Stanley assumed coverage on shares of Bilibili in a research note on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price on the stock. Daiwa America lowered Bilibili from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Sanford C. Bernstein raised their price objective on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Bilibili 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.