Alibaba Group Holding Ltd (NYSE:BABA) Expected to Announce Earnings of $0.88 Per Share

Wall Street analysts expect that Alibaba Group Holding Ltd (NYSE:BABA) will post earnings of $0.88 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Alibaba Group’s earnings, with the highest EPS estimate coming in at $1.19 and the lowest estimate coming in at $0.51. Alibaba Group posted earnings per share of $1.28 in the same quarter last year, which would indicate a negative year-over-year growth rate of 31.3%. The business is scheduled to issue its next quarterly earnings report before the market opens on Friday, May 22nd.

According to Zacks, analysts expect that Alibaba Group will report full-year earnings of $7.32 per share for the current financial year, with EPS estimates ranging from $6.76 to $8.01. For the next financial year, analysts forecast that the company will post earnings of $8.83 per share, with EPS estimates ranging from $8.18 to $9.69. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Alibaba Group.

BABA has been the subject of several research reports. Benchmark reiterated a “buy” rating and set a $275.00 price target (up from $220.00) on shares of Alibaba Group in a research report on Friday, February 14th. They noted that the move was a valuation call. Zacks Investment Research cut Alibaba Group from a “buy” rating to a “hold” rating and set a $219.00 price target for the company. in a research report on Thursday, April 16th. CLSA reiterated a “buy” rating and set a $270.00 price target on shares of Alibaba Group in a research report on Tuesday, April 14th. ValuEngine upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, UBS Group dropped their price target on Alibaba Group from $275.00 to $265.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $244.32.

Shares of BABA traded down $12.46 during trading hours on Friday, hitting $199.70. 51,896,357 shares of the stock were exchanged, compared to its average volume of 18,121,682. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 1.75. Alibaba Group has a 12-month low of $147.95 and a 12-month high of $231.14. The company has a market cap of $509.85 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.60. The stock’s 50-day moving average price is $201.21 and its two-hundred day moving average price is $203.54.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FDx Advisors Inc. lifted its stake in Alibaba Group by 14.2% during the 1st quarter. FDx Advisors Inc. now owns 20,365 shares of the specialty retailer’s stock worth $3,961,000 after acquiring an additional 2,540 shares in the last quarter. Integrated Investment Consultants LLC raised its position in Alibaba Group by 40.6% in the 1st quarter. Integrated Investment Consultants LLC now owns 2,025 shares of the specialty retailer’s stock valued at $394,000 after purchasing an additional 585 shares in the last quarter. Capital Advisors Inc. OK raised its position in Alibaba Group by 6.6% in the 1st quarter. Capital Advisors Inc. OK now owns 99,736 shares of the specialty retailer’s stock valued at $19,397,000 after purchasing an additional 6,149 shares in the last quarter. Phoenix Holdings Ltd. raised its position in Alibaba Group by 1,747.9% in the 1st quarter. Phoenix Holdings Ltd. now owns 128,487 shares of the specialty retailer’s stock valued at $24,372,000 after purchasing an additional 121,534 shares in the last quarter. Finally, Somerset Capital Management LLP acquired a new stake in Alibaba Group in the 1st quarter valued at about $62,009,000. 47.92% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Earnings History and Estimates for Alibaba Group (NYSE:BABA)

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