$849.25 Million in Sales Expected for Bilibili Inc. (NASDAQ:BILI) This Quarter

Equities research analysts expect Bilibili Inc. (NASDAQ:BILIGet Rating) to post $849.25 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Bilibili’s earnings, with the lowest sales estimate coming in at $841.05 million and the highest estimate coming in at $857.46 million. Bilibili reported sales of $595.42 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 42.6%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Bilibili will report full-year sales of $3.94 billion for the current fiscal year, with estimates ranging from $3.85 billion to $3.99 billion. For the next year, analysts anticipate that the business will post sales of $5.12 billion, with estimates ranging from $4.93 billion to $5.27 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Bilibili.

Bilibili (NASDAQ:BILIGet Rating) last announced its earnings results on Thursday, March 3rd. The company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.64) by ($3.58). Bilibili had a negative return on equity of 28.68% and a negative net margin of 35.05%. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the firm earned ($0.36) EPS. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year.

Several analysts recently issued reports on BILI shares. Benchmark reduced their price objective on shares of Bilibili from $86.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, March 4th. The Goldman Sachs Group started coverage on shares of Bilibili in a report on Sunday, April 10th. They issued a “hold” rating and a $35.00 price objective on the stock. KGI Securities lowered shares of Bilibili from an “outperform” rating to a “neutral” rating in a report on Thursday, March 24th. Citigroup cut their price target on shares of Bilibili from $120.00 to $61.00 in a research note on Thursday, January 20th. Finally, Sanford C. Bernstein lowered shares of Bilibili from an “outperform” rating to a “market perform” rating and set a $45.00 price target on the stock. in a research note on Tuesday, January 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $58.04.

Hedge funds have recently bought and sold shares of the company. CWM LLC acquired a new stake in shares of Bilibili during the fourth quarter worth $27,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Bilibili by 143.4% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 594 shares of the company’s stock worth $28,000 after purchasing an additional 350 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Bilibili by 278.1% during the first quarter. Lindbrook Capital LLC now owns 1,259 shares of the company’s stock worth $32,000 after purchasing an additional 926 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Bilibili by 116.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,460 shares of the company’s stock worth $68,000 after purchasing an additional 785 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Bilibili by 560.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,650 shares of the company’s stock worth $77,000 after purchasing an additional 1,400 shares during the period. 47.44% of the stock is owned by institutional investors and hedge funds.

Shares of BILI stock opened at $21.25 on Tuesday. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of -7.76 and a beta of 1.30. Bilibili has a twelve month low of $14.93 and a twelve month high of $129.24. The company’s 50-day moving average price is $27.19 and its 200-day moving average price is $45.98. The company has a current ratio of 3.02, a quick ratio of 2.74 and a debt-to-equity ratio of 0.82.

Bilibili Company Profile (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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