Alibaba Group (BABA) Expected to Announce Earnings of $0.92 Per Share

Analysts expect Alibaba Group (NYSE:BABA) to report $0.92 earnings per share (EPS) for the current quarter, according to Zacks. Nine analysts have issued estimates for Alibaba Group’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $0.76. Alibaba Group reported earnings per share of $0.63 in the same quarter last year, which indicates a positive year over year growth rate of 46%. The company is scheduled to announce its next quarterly earnings results before the market opens on Friday, May 4th.

On average, analysts expect that Alibaba Group will report full-year earnings of $5.06 per share for the current fiscal year, with EPS estimates ranging from $4.87 to $5.33. For the next fiscal year, analysts expect that the business will report earnings of $6.72 per share, with EPS estimates ranging from $5.76 to $8.34. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Alibaba Group.

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Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.08). The business had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same quarter last year, the firm posted $1.30 earnings per share.

Several brokerages have weighed in on BABA. Stifel Nicolaus lifted their price target on shares of Alibaba Group from $230.00 to $260.00 and gave the company a “buy” rating in a report on Friday, February 2nd. KeyCorp lowered their target price on shares of Alibaba Group from $228.00 to $219.00 and set an “overweight” rating on the stock in a report on Tuesday, April 10th. Robert W. Baird boosted their target price on shares of Alibaba Group to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Bank of America reissued a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a report on Thursday, February 1st. Finally, MKM Partners boosted their target price on shares of Alibaba Group to $260.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $213.26.

NYSE:BABA traded down $1.29 during trading hours on Friday, hitting $181.39. 11,965,271 shares of the stock traded hands, compared to its average volume of 19,848,164. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. Alibaba Group has a 1 year low of $111.48 and a 1 year high of $206.20. The company has a market capitalization of $457,678.22, a P/E ratio of 72.27, a P/E/G ratio of 1.07 and a beta of 2.52.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Alibaba Group by 2.6% in the fourth quarter. BlackRock Inc. now owns 56,469,345 shares of the specialty retailer’s stock worth $9,737,009,000 after purchasing an additional 1,443,555 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Alibaba Group by 7.5% in the fourth quarter. OppenheimerFunds Inc. now owns 16,055,811 shares of the specialty retailer’s stock worth $2,768,502,000 after purchasing an additional 1,122,712 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Alibaba Group by 4.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 13,467,207 shares of the specialty retailer’s stock worth $2,322,151,000 after purchasing an additional 519,382 shares during the last quarter. Boussard & Gavaudan Investment Management LLP grew its holdings in shares of Alibaba Group by 8.3% in the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 12,563,258 shares of the specialty retailer’s stock worth $2,163,750,000 after purchasing an additional 964,361 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Alibaba Group by 3.7% in the fourth quarter. Fisher Asset Management LLC now owns 10,671,199 shares of the specialty retailer’s stock worth $1,840,035,000 after purchasing an additional 383,104 shares during the last quarter. Hedge funds and other institutional investors own 37.72% of the company’s stock.

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About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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