Zacks: Analysts Anticipate DouYu International Holdings Limited (NASDAQ:DOYU) Will Post Earnings of -$0.04 Per Share

Equities analysts expect DouYu International Holdings Limited (NASDAQ:DOYUGet Rating) to post earnings of ($0.04) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for DouYu International’s earnings. DouYu International posted earnings per share of ($0.01) in the same quarter last year, which would indicate a negative year over year growth rate of 300%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that DouYu International will report full-year earnings of ($0.23) per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.38) per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow DouYu International.

DouYu International (NASDAQ:DOYUGet Rating) last issued its quarterly earnings data on Wednesday, March 16th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. DouYu International had a negative return on equity of 7.65% and a negative net margin of 5.52%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm earned ($0.09) EPS. DouYu International’s quarterly revenue was up 2.6% on a year-over-year basis.

A number of equities research analysts have weighed in on DOYU shares. Zacks Investment Research lowered DouYu International from a “hold” rating to a “sell” rating in a research note on Monday, April 25th. Citigroup decreased their target price on DouYu International from $3.60 to $2.40 and set a “neutral” rating for the company in a research report on Thursday, March 17th. Finally, JPMorgan Chase & Co. lowered DouYu International from a “neutral” rating to an “underweight” rating and set a $1.20 target price for the company. in a research report on Monday, March 14th. Four research analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. According to MarketBeat, DouYu International currently has a consensus rating of “Sell” and a consensus price target of $2.68.

NASDAQ DOYU traded up $0.14 during mid-day trading on Friday, reaching $1.77. 1,203,768 shares of the company’s stock traded hands, compared to its average volume of 1,379,742. DouYu International has a 1-year low of $1.24 and a 1-year high of $9.71. The company has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $2.47. The company has a market cap of $574.21 million, a price-to-earnings ratio of -7.37 and a beta of 0.94.

A number of institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP raised its stake in shares of DouYu International by 846.2% in the 3rd quarter. Two Sigma Investments LP now owns 4,651,528 shares of the company’s stock worth $15,304,000 after buying an additional 4,159,938 shares in the last quarter. Bank of America Corp DE raised its stake in shares of DouYu International by 2,111.7% in the 4th quarter. Bank of America Corp DE now owns 3,605,573 shares of the company’s stock worth $9,519,000 after buying an additional 3,442,549 shares in the last quarter. Krane Funds Advisors LLC raised its stake in shares of DouYu International by 99.6% in the 3rd quarter. Krane Funds Advisors LLC now owns 3,219,845 shares of the company’s stock worth $10,593,000 after buying an additional 1,606,986 shares in the last quarter. Norges Bank acquired a new stake in shares of DouYu International during the fourth quarter worth $4,064,000. Finally, BlackRock Inc. raised its position in shares of DouYu International by 50.3% during the fourth quarter. BlackRock Inc. now owns 4,441,476 shares of the company’s stock worth $11,725,000 after purchasing an additional 1,487,014 shares during the period. 19.62% of the stock is currently owned by hedge funds and other institutional investors.

DouYu International Company Profile (Get Rating)

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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