Bilibili (NASDAQ:BILI – Get Rating) posted its earnings results on Thursday. The company reported ($4.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($3.64), Briefing.com reports. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.05 billion. Bilibili had a negative net margin of 35.05% and a negative return on equity of 28.60%. The company’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.39) EPS. Bilibili updated its Q2 2022 guidance to EPS.
Bilibili stock opened at $25.32 on Friday. The company has a 50 day moving average price of $23.32 and a 200 day moving average price of $33.81. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of -9.24 and a beta of 1.27. Bilibili has a 52 week low of $14.93 and a 52 week high of $129.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.02 and a current ratio of 3.02.
BILI has been the topic of several analyst reports. KGI Securities cut shares of Bilibili from an “outperform” rating to a “neutral” rating in a report on Thursday, March 24th. JPMorgan Chase & Co. upgraded Bilibili from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $19.00 in a research report on Monday, May 16th. CLSA dropped their target price on Bilibili from $33.40 to $25.30 and set an “outperform” rating on the stock in a research report on Wednesday, May 25th. Zacks Investment Research cut Bilibili from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Benchmark reduced their target price on Bilibili from $86.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, March 4th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.94.
About Bilibili (Get Rating)
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. Its platform offers a range of content, including video services, mobile games, and value-added service, as well as ACG-related comic and audio content. The company's video services include professional user generated videos, occupationally generated videos, and live broadcasting.
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