Alibaba Group (BABA) Projected to Post Quarterly Earnings on Wednesday

Alibaba Group (NYSE:BABA) is anticipated to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect Alibaba Group to post earnings of $3.03 per share and revenue of $36.19 billion for the quarter.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect Alibaba Group to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Alibaba Group Trading Down 4.0 %

Shares of Alibaba Group stock opened at $98.65 on Monday. Alibaba Group has a 12-month low of $68.36 and a 12-month high of $117.82. The company’s 50-day moving average price is $86.58 and its 200-day moving average price is $88.83. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a market cap of $234.66 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 0.41 and a beta of 0.30.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BABA. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Bank of America upped their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. Barclays cut their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Finally, Citigroup lifted their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.