What to expect from HUYA second quarter earnings report

HUYA (NYSE:HUYA) will issue its quarterly earnings data before the market opens on Tuesday, August 11th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.

The company last issued its earnings results on Wednesday, May 20th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $1.01.

HUYA had a return on equity of 6.70% and a net margin of 6.29%. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion.

During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue for the quarter was up 47.8% on a year-over-year basis. On average, analysts expect HUYA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

The company’s stock opened at $26.66 on Friday. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 76.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.64 and a current ratio of 4.64. HUYA has a one year low of $11.78 and a one year high of $28.47. The company’s 50 day moving average price is $22.24 and its 200 day moving average price is $18.50.

Several equities research analysts have recently issued reports on HUYA shares. Bank of America dropped their price objective on shares of HUYA from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. ValuEngine lowered HUYA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. TheStreet upgraded HUYA from a “d+” rating to a “c” rating in a research note on Monday, July 6th. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 target price on shares of HUYA in a research note on Thursday, April 23rd. Finally, Credit Suisse Group lowered HUYA from an “outperform” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Thursday, May 21st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $21.63.
About HUYA

HUYA Inc, through its subsidiaries, operates game live streaming platforms in the People’s Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

Share: