HUYA (NYSE:HUYA) Announces Earnings Results, Beats Expectations By $0.68 EPS

HUYA (NYSE:HUYA) issued its quarterly earnings data on Tuesday. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.68, Briefing.com reports. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.77 billion. HUYA had a negative net margin of 35.91% and a positive return on equity of 4.60%. HUYA’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share.

HUYA stock traded up $0.56 during mid-day trading on Wednesday, reaching $21.89. 3,249,549 shares of the stock traded hands, compared to its average volume of 3,161,624. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.22 and a quick ratio of 4.22. HUYA has a 52 week low of $14.44 and a 52 week high of $30.66. The stock has a 50-day simple moving average of $23.02. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 218.90 and a beta of 2.13.

A number of brokerages recently issued reports on HUYA. ValuEngine upgraded shares of HUYA from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. UBS Group upgraded shares of HUYA from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, May 8th. Jefferies Financial Group started coverage on shares of HUYA in a report on Monday, August 5th. They issued a “buy” rating and a $26.80 price objective for the company. 86 Research upgraded shares of HUYA from a “hold” rating to a “buy” rating and set a $25.65 price target for the company in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. upgraded shares of HUYA from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $28.00 to $26.00 in a report on Tuesday, May 28th. Twelve research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $28.15.



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.

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Earnings History for HUYA (NYSE:HUYA)

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