Yahoo Finance Bilibili (BILI) Stock Sinks As Market Gains: What You Should Know
Bilibili (BILI) closed at $23.27 in the latest trading session, marking a -0.26% move from the prior day. This change lagged the S&P 500's daily gain of 1.29%. At the same time, the Dow added 0.78%, and the tech-heavy Nasdaq lost 4.94%.
Prior to today's trading, shares of the Chinese video sharing website had lost 13.59% over the past month. This has lagged the Computer and Technology sector's gain of 14.37% and the S&P 500's gain of 5.64% in that time.
Wall Street will be looking for positivity from Bilibili as it approaches its next earnings report date. The company is expected to report EPS of -$0.53, up 19.7% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $887.96 million, down 1.79% from the year-ago period.
Any recent changes to analyst estimates for Bilibili should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 11.26% higher. Bilibili currently has a Zacks Rank of #3 (Hold).
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BILI in the coming trading sessions, be sure to utilize Zacks.com.
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Bilibili Inc. Sponsored ADR (BILI) : Free Stock Analysis Report
