Published on 17 Aug 2023 on Simply Wall St. via Yahoo Finance
Market forces rained on the parade of HUYA Inc. (NYSE:HUYA) shareholders today, when the analysts downgraded their forecasts for this year. Revenue and earnings per share (EPS) forecasts were both revised downwards, with analysts seeing grey clouds on the horizon.
After the downgrade, the consensus from HUYA's 14 analysts is for revenues of CN¥6.8b in 2023, which would reflect a considerable 18% decline in sales compared to the last year of performance. The loss per share is anticipated to greatly reduce in the near future, narrowing 45% to CN¥0.90. Yet prior to the latest estimates, the analysts had been forecasting revenues of CN¥8.3b and losses of CN¥0.50 per share in 2023. Ergo, there's been a clear change in sentiment, with the analysts administering a notable cut to this year's revenue estimates, while at the same time increasing their loss per share forecasts.
View our latest analysis for HUYA