Equities analysts forecast that Alibaba Group Holding Limited ((NYSE:(BA))(BA)) will report earnings per share of $2.04 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Alibaba Group’s earnings. The highest EPS estimate is $2.11 and the lowest is $1.89. Alibaba Group reported earnings per share of $2.61 during the same quarter last year, which would suggest a negative year over year growth rate of 21.8%. The company is expected to issue its next quarterly earnings report on Thursday, February 11th.
According to Zacks, analysts expect that Alibaba Group will report full year earnings of $10.06 per share for the current fiscal year, with EPS estimates ranging from $9.77 to $10.49. For the next year, analysts expect that the firm will 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 that follow Alibaba Group.
Alibaba Group ((NYSE:(BA))(BA)) last released its quarterly earnings results on Thursday, November 5th. The specialty retailer reported $17.97 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $16.28. The firm had revenue of $155.06 billion for the quarter, compared to analyst estimates of $155 billion. Alibaba Group had a return on equity of 12.74% and a net margin of 22.56%. The business’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $13.10 EPS.
(BA)(BA) has been the subject of several research analyst reports. Benchmark lifted their price objective on Alibaba Group from $290.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. DZ Bank reissued a “buy” rating on shares of Alibaba Group in a research note on Thursday, November 5th. Truist lifted their price objective on Alibaba Group from $285.00 to $308.00 in a research note on Wednesday, September 30th. Oppenheimer raised their price target on Alibaba Group from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday, October 26th. Finally, Needham & Company LLC raised their price target on Alibaba Group from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Three investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to 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 made changes to their positions in the business. Claudia M.P. Batlle CRP R LLC acquired a new position in Alibaba Group in the 3rd quarter valued at about $25,000. Slow Capital Inc. acquired a new stake in Alibaba Group in the third quarter valued at 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 own 37.36% of the company’s stock.
(NYSE:(BA))(BA) opened at $232.73 on Friday. The firm has a market capitalization of $629.68 billion, a price-to-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-to-equity 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 internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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