Bilibili (NASDAQ:BILI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Bilibili (NASDAQ:BILI) released its earnings results on Thursday. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02, Zacks reports. Bilibili had a negative return on equity of 15.17% and a negative net margin of 10.73%.

Bilibili Stock Up 9.5 %

BILI traded up $1.94 during trading on Thursday, reaching $22.27. The stock had a trading volume of 17,767,677 shares, compared to its average volume of 6,639,455. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of -24.18 and a beta of 0.81. Bilibili has a 1-year low of $9.63 and a 1-year high of $31.77. The stock has a 50 day moving average of $18.17 and a two-hundred day moving average of $18.51.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Mizuho increased their price objective on Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Barclays boosted their price objective on Bilibili from $19.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Bank of America upped their target price on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Daiwa Capital Markets raised Bilibili from a “neutral” rating to a “buy” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

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.