Stock analysts predict that Alibaba Group Holding Limited (NYSE: BABA) will report earnings per share of $ 2.04 for the current fiscal quarter, according to Zacks. Seven analysts have released earnings estimates for the Alibaba Group. The highest estimate of EPS is $ 2.11 and the lowest is $ 1.89. Alibaba Group reported earnings per share of $ 2.61 in the same quarter last year, which would suggest a negative growth rate of 21.8% year-over-year. The company is expected to release its next quarterly earnings report on Thursday, February 11.
According to Zacks, analysts expect Alibaba Group to report annual profit of $ 10.06 per share for the current fiscal year, with EPS estimates ranging from $ 9.77 to $ 10.49. For next year, analysts expect the company to report earnings of $ 11.90 per share, with EPS estimates ranging from $ 11.28 to $ 12.99. Zacks’ EPS averages are an average based on a survey of sell-side research analysts who follow the Alibaba Group.
Alibaba Group (NYSE: BABA) last released its quarterly results on Thursday, November 5. The specialty retailer reported EPS of $ 17.97 for the quarter, beating analyst consensus estimates of $ 1.69 by $ 16.28. The company posted revenue of $ 155.06 billion for the quarter, compared to $ 155 billion according to analysts’ estimates. Alibaba Group recorded a return on equity of 12.74% and a net margin of 22.56%. The company’s revenue grew 30.3% on an annual basis. In the same quarter of the previous year, the company posted EPS of $ 13.10.
BABA has been the subject of several research analyst reports. Benchmark raised its price target on the Alibaba Group from $ 290.00 to $ 355.00 and gave the company a “buy” rating in a research note on Wednesday, September 30. DZ Bank reissued a “buy” note on Alibaba Group shares in a research note on Thursday, November 5. Truist raised its price target on the Alibaba Group from $ 285.00 to $ 308.00 in a research note on Wednesday, September 30. Oppenheimer raised its price target on the Alibaba Group from $ 325.00 to $ 335.00 and gave the company an “outperforming” rating in a research report on Monday, October 26. Finally, Needham & Company LLC raised its price target on the Alibaba Group from $ 275.00 to $ 330.00 and gave the company a “buy” rating in a research report on Thursday, October 1. Three investment analysts gave the stock a sustaining rating, twenty-three issued a buy rating and one issued a strong buy rating on the stock. The stock has an average rating of “Buy” and an average price target of $ 313.39.
A number of institutional investors and hedge funds have recently changed their positions in the company. Claudia MP Batlle CRP R LLC acquired a new position in Alibaba Group in the 3rd quarter valued at approximately $ 25,000. Slow Capital Inc. acquired a new stake in Alibaba Group in the third quarter worth approximately $ 26,000. CVA Family Office LLC acquired a new stake in Alibaba Group in the third quarter valued at approximately $ 29,000. Horan Capital Advisors LLC. acquired a new stake in Alibaba Group in the third quarter valued at approximately $ 29,000. Finally, Professional Financial Advisors LLC acquired a new stake in Alibaba Group in the third quarter valued at approximately $ 33,000. Institutional investors and hedge funds hold 37.36% of the company’s shares.
NYSE: BABA opened at $ 232.73 on Friday. The company has a market capitalization of $ 629.68 billion, a price / earnings ratio of 33.39, a P / E / G ratio of 1.39 and a beta of 1.03. Alibaba Group has a 52-week low of $ 169.95 and a 52-week high of $ 319.32. The stock has a fifty-day moving average of $ 258.84 and a 200-day moving average of $ 266.05. The company has a debt ratio of 0.12, a quick ratio of 1.99 and a current ratio of 1.99.
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People’s Republic of China and abroad. It operates through four segments: core commerce, cloud computing, digital media and entertainment, and innovation initiatives and others.
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