Analysts Expect Bilibili Inc – (BILI) to Announce ($0.09) Earnings Per Share

Shares of Bilibili Inc – (NASDAQ:BILI) have earned a consensus broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. Bilibili’s rating score has declined by 42.7% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1 year consensus price objective of $13.33 for the company and are anticipating that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also given Bilibili an industry rank of 89 out of 255 based on the ratings given to related companies.

Several research firms recently issued reports on BILI. Bank of America cut their target price on Bilibili from $17.30 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, September 11th. JPMorgan Chase & Co. cut their target price on Bilibili from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday, August 29th. Finally, Morgan Stanley cut Bilibili from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $13.50 to $11.00 in a research report on Monday, September 24th.

Shares of NASDAQ BILI traded up $1.02 during trading on Monday, hitting $13.71. The company had a trading volume of 4,137,040 shares, compared to its average volume of 5,115,657. Bilibili has a 12 month low of $9.09 and a 12 month high of $22.70.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings data on Monday, August 27th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $155.10 million during the quarter, compared to analysts’ expectations of $142.41 million. During the same quarter in the prior year, the business earned ($3.03) earnings per share. The firm’s revenue for the quarter was up 76.1% on a year-over-year basis. On average, equities analysts predict that Bilibili will post -0.39 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its position in shares of Bilibili by 73.0% during the second quarter. Wells Fargo & Company MN now owns 4,258,279 shares of the company’s stock worth $59,573,000 after purchasing an additional 1,797,067 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of Bilibili during the first quarter worth about $36,378,000. BlackRock Inc. grew its position in shares of Bilibili by 482.8% during the second quarter. BlackRock Inc. now owns 2,331,934 shares of the company’s stock worth $32,624,000 after purchasing an additional 1,931,783 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Bilibili during the 1st quarter valued at approximately $20,866,000. Finally, TB Alternative Assets Ltd. purchased a new position in Bilibili during the 2nd quarter valued at approximately $17,916,000. Hedge funds and other institutional investors own 9.77% of the company’s stock.

About Bilibili

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.

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