Zacks: Analysts Anticipate Alibaba Group Holding Limited (NYSE:BABA) Will Announce Earnings of $2.60 Per Share

Wall Street brokerages forecast that Alibaba Group Holding Limited (NYSE:BABA) will report $2.60 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Alibaba Group’s earnings, with the highest EPS estimate coming in at $2.74 and the lowest estimate coming in at $2.53. Alibaba Group posted earnings of $3.38 per share in the same quarter last year, which would suggest a negative year over year growth rate of 23.1%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 1st.

On average, analysts expect that Alibaba Group will report full year earnings of $8.36 per share for the current financial year, with EPS estimates ranging from $7.64 to $8.79. For the next financial year, analysts forecast that the firm will report earnings of $7.93 per share, with EPS estimates ranging from $1.76 to $10.66. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Alibaba Group.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, November 18th. The specialty retailer reported $11.20 EPS for the quarter, beating the consensus estimate of $1.46 by $9.74. The firm had revenue of $200.69 billion during the quarter, compared to the consensus estimate of $204.97 billion. Alibaba Group had a net margin of 15.27% and a return on equity of 12.39%. Alibaba Group’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 EPS.

A number of equities analysts have commented on BABA shares. KeyCorp cut their price objective on shares of Alibaba Group from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, October 1st. Argus downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group cut their price objective on shares of Alibaba Group from $192.00 to $182.00 and set an “outperform” rating for the company in a research report on Friday, November 19th. Robert W. Baird cut their price target on shares of Alibaba Group from $260.00 to $180.00 and set an “outperform” rating for the company in a report on Friday, November 19th. Finally, Bank of America cut their price target on shares of Alibaba Group from $254.00 to $209.00 and set a “buy” rating for the company in a report on Friday, November 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $247.11.

Shares of Alibaba Group stock opened at $133.35 on Wednesday. The company has a market cap of $361.50 billion, a P/E ratio of 19.13, a PEG ratio of 1.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.76 and a current ratio of 1.76. Alibaba Group has a one year low of $131.22 and a one year high of $278.92. The firm has a fifty day moving average of $157.86 and a two-hundred day moving average of $184.34.

Institutional investors have recently added to or reduced their stakes in the business. Boussard & Gavaudan Investment Management LLP lifted its holdings in shares of Alibaba Group by 2,141.9% during the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 22,643,329 shares of the specialty retailer’s stock worth $1,123,770,000 after acquiring an additional 21,633,311 shares during the period. Morgan Stanley lifted its holdings in shares of Alibaba Group by 19.6% during the 2nd quarter. Morgan Stanley now owns 17,323,393 shares of the specialty retailer’s stock worth $3,928,602,000 after acquiring an additional 2,838,191 shares during the period. Primecap Management Co. CA lifted its holdings in shares of Alibaba Group by 7.4% during the 3rd quarter. Primecap Management Co. CA now owns 16,792,617 shares of the specialty retailer’s stock worth $2,486,147,000 after acquiring an additional 1,157,345 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Alibaba Group by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 14,211,000 shares of the specialty retailer’s stock worth $2,103,939,000 after acquiring an additional 81,601 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Alibaba Group by 2.8% during the 2nd quarter. Bank of America Corp DE now owns 8,968,669 shares of the specialty retailer’s stock worth $2,033,915,000 after acquiring an additional 243,994 shares during the period. 23.71% of the stock is currently owned by institutional investors.

About Alibaba Group

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale.

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