Analysts expect that Alibaba Group Holding Limited (NYSE:BABA – Get Rating) will report $1.06 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Alibaba Group’s earnings, with the lowest EPS estimate coming in at $0.86 and the highest estimate coming in at $1.23. Alibaba Group reported earnings of $1.58 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 32.9%. The firm is expected to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Alibaba Group will report full year earnings of $7.99 per share for the current fiscal year, with EPS estimates ranging from $7.85 to $8.12. For the next financial year, analysts forecast that the business will report earnings of $7.43 per share, with EPS estimates ranging from $6.80 to $8.20. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Alibaba Group.
Alibaba Group (NYSE:BABA – Get Rating) last released its earnings results on Thursday, February 24th. The specialty retailer reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.32. Alibaba Group had a return on equity of 10.84% and a net margin of 7.86%. The business had revenue of $242.58 billion for the quarter, compared to analyst estimates of $245.79 billion. During the same quarter last year, the firm posted $2.98 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year.
Shares of Alibaba Group stock opened at $95.49 on Friday. The firm has a market cap of $258.86 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.56 and a beta of 0.89. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.12. Alibaba Group has a 12 month low of $73.28 and a 12 month high of $241.89. The stock’s fifty day moving average price is $108.23 and its 200-day moving average price is $128.61.
Hedge funds and other institutional investors have recently modified their holdings of the business. Widmann Financial Services Inc. acquired a new stake in shares of Alibaba Group in the 4th quarter valued at about $27,000. Chilton Capital Management LLC acquired a new stake in Alibaba Group during the 4th quarter worth approximately $28,000. Global Wealth Management Investment Advisory Inc. lifted its position in Alibaba Group by 74.1% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 235 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 100 shares during the period. Ulland Investment Advisors LLC acquired a new stake in Alibaba Group during the 4th quarter worth approximately $29,000. Finally, Community Bank N.A. acquired a new stake in Alibaba Group during the 3rd quarter worth approximately $30,000. Institutional investors own 20.89% of the company’s stock.
About Alibaba Group (Get Rating)
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers 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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