Zacks: Analysts Anticipate Alibaba Group (BABA) Will Post Earnings of $0.92 Per Share

Wall Street analysts forecast that Alibaba Group (NYSE:BABA) will announce earnings per share of $0.92 for the current quarter, Zacks reports. Nine analysts have made 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 of $0.63 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 46%. The firm is scheduled to issue its next 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 financial year, with EPS estimates ranging from $4.87 to $5.33. For the next fiscal year, analysts forecast that the firm will report earnings of $6.72 per share, with EPS estimates ranging from $5.76 to $8.34. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Alibaba Group.

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

BABA has been the subject of several analyst reports. Bank of America reiterated a “buy” rating and set a $220.00 price objective on shares of Alibaba Group in a research report on Thursday, February 1st. Deutsche Bank boosted their price objective on Alibaba Group to $218.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Morgan Stanley set a $250.00 price objective on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, January 29th. SunTrust Banks boosted their price objective on Alibaba Group from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $230.00 price objective (up from $210.00) on shares of Alibaba Group in a research report on Sunday, January 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $213.26.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Osborn Williams & Donohoe LLC raised its stake in Alibaba Group by 5.3% during the 4th quarter. Osborn Williams & Donohoe LLC now owns 5,520 shares of the specialty retailer’s stock valued at $952,000 after purchasing an additional 280 shares during the period. North Star Asset Management Inc. raised its stake in Alibaba Group by 1.3% during the 4th quarter. North Star Asset Management Inc. now owns 22,393 shares of the specialty retailer’s stock valued at $3,861,000 after purchasing an additional 284 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in Alibaba Group by 7.6% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,086 shares of the specialty retailer’s stock valued at $705,000 after purchasing an additional 290 shares during the period. AE Wealth Management LLC raised its stake in Alibaba Group by 13.9% during the 4th quarter. AE Wealth Management LLC now owns 2,467 shares of the specialty retailer’s stock valued at $425,000 after purchasing an additional 301 shares during the period. Finally, Vicus Capital raised its stake in Alibaba Group by 16.5% during the 4th quarter. Vicus Capital now owns 2,205 shares of the specialty retailer’s stock valued at $380,000 after purchasing an additional 313 shares during the period. 37.72% of the stock is currently owned by institutional investors.

Shares of NYSE BABA opened at $174.70 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $440,620.94, a PE ratio of 69.60, a price-to-earnings-growth ratio of 1.02 and a beta of 2.51. Alibaba Group has a 12-month low of $110.30 and a 12-month high of $206.20.

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Alibaba Group Company Profile

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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Earnings History and Estimates for Alibaba Group (NYSE:BABA)

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