Bilibili (NASDAQ:BILI) Issues Q2 2021 Earnings Guidance

Bilibili (NASDAQ:BILI) updated its second quarter 2021 earnings guidance on Thursday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $648.68 million-$663.94 million, compared to the consensus revenue estimate of $647.49 million.

Bilibili stock traded up $9.38 during mid-day trading on Friday, reaching $96.87. The company had a trading volume of 7,416,891 shares, compared to its average volume of 6,382,984. Bilibili has a fifty-two week low of $30.10 and a fifty-two week high of $157.66. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.03. The company has a market cap of $30.22 billion, a P/E ratio of -89.69 and a beta of 1.42. The business has a fifty day simple moving average of $106.12 and a 200 day simple moving average of $99.35.

Bilibili (NASDAQ:BILI) last issued its earnings results on Wednesday, May 12th. The company reported ($1.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($1.45). Bilibili had a negative net margin of 25.28% and a negative return on equity of 30.90%. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the business earned ($1.43) EPS. The business’s quarterly revenue was up 68.5% on a year-over-year basis. Research analysts forecast that Bilibili will post -1.31 EPS for the current year.

A number of analysts have weighed in on BILI shares. Zacks Investment Research lowered shares of Bilibili from a hold rating to a sell rating in a research report on Monday, February 1st. The Goldman Sachs Group assumed coverage on shares of Bilibili in a research report on Wednesday, March 31st. They issued a buy rating on the stock. Sanford C. Bernstein assumed coverage on shares of Bilibili in a research note on Monday, January 25th. They set an outperform rating for the company. CLSA assumed coverage on shares of Bilibili in a research note on Monday, April 19th. They set a buy rating and a $128.00 price target for the company. Finally, TheStreet downgraded shares of Bilibili from a c- rating to a d+ rating in a research note on Tuesday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $73.42.

About Bilibili

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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