Earnings Preview: Bilibili
Portfolio Pulse from Benzinga Insights
Bilibili (NASDAQ:BILI) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $-0.22. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to negative stock price reactions. Shares are currently trading at $10.16, marking a 40.28% decline over the last year. Investors are looking for positive guidance for the next quarter to potentially influence the stock's performance.
March 06, 2024 | 3:00 pm
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NEGATIVE IMPACT
Bilibili is expected to report a quarterly EPS of $-0.22 on March 7, 2024. Historical performance shows a trend of not meeting EPS estimates, negatively impacting the stock price. The stock has declined 40.28% over the past year.
Given Bilibili's history of not meeting EPS estimates and the subsequent negative reactions in its stock price, it's likely that unless the company provides strong positive guidance for the future, the short-term impact on the stock could be negative. The stock's significant decline over the past year further emphasizes the importance of this earnings report for investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100