Vipshop (VIPS) to Release Earnings on Tuesday

Vipshop (NYSE:VIPS) is set to release its earnings data before the market opens on Tuesday, November 19th. Analysts expect Vipshop to post earnings of $0.27 per share for the quarter. Vipshop has set its Q3 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The company had revenue of $25.08 billion for the quarter, compared to the consensus estimate of $26.61 billion. During the same period last year, the firm posted $0.51 EPS. Vipshop’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts expect Vipshop to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $13.93 on Monday. Vipshop has a one year low of $11.50 and a one year high of $20.19. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 1.56 and a beta of 0.34. The company has a 50-day simple moving average of $14.60 and a 200-day simple moving average of $14.47.

Analysts Set New Price Targets

A number of analysts have weighed in on VIPS shares. Citigroup increased their price objective on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays started coverage on Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target for the company. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and lowered their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. StockNews.com downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Morgan Stanley reduced their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.64.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.