zacks.comยท2024-05-23 12:16Company Performance - Bilibili reported a quarterly loss of $0.15 per share, better than the Zacks Consensus Estimate of a loss of $0.17, and an improvement from a loss of $0.37 per share a year ago, indicating an earnings surprise of 11.76% [1] - The company generated revenues of $791.16 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.08% and showing an increase from $740.92 million in the same quarter last year [1] - Over the last four quarters, Bilibili has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $830 million, while for the current fiscal year, it is -$0.17 on revenues of $3.48 billion [4] - The estimate revisions trend for Bilibili is currently unfavorable, resulting in a Zacks Rank 4 (Sell), suggesting that the shares are expected to underperform the market in the near future [4] - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [2] Industry Context - The Internet - Services industry, to which Bilibili belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable industry outlook [5] - Empirical research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1, suggesting potential for growth within the industry [5]