Alibaba Group Holding Ltd (BABA) Expected to Post Earnings of $1.42 Per Share

Equities analysts expect that Alibaba Group Holding Ltd (NYSE:BABA) will post earnings of $1.42 per share for the current quarter, Zacks reports. Eight analysts have made estimates for Alibaba Group’s earnings, with estimates ranging from $1.28 to $1.60. Alibaba Group posted earnings per share of $1.17 in the same quarter last year, which indicates a positive year-over-year growth rate of 21.4%. The firm is expected to announce its next earnings report on Thursday, August 16th.

According to Zacks, analysts expect that Alibaba Group will report full year earnings of $6.64 per share for the current fiscal year, with EPS estimates ranging from $6.30 to $7.31. For the next fiscal year, analysts forecast that the firm will post earnings of $8.74 per share, with EPS estimates ranging from $7.82 to $9.43. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Alibaba Group.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.11). Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. The firm had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $9.36 billion. During the same period in the previous year, the company posted $0.63 EPS.

BABA has been the subject of several recent analyst reports. Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $211.39 target price for the company in a research note on Tuesday, February 27th. Deutsche Bank set a $218.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Wednesday, March 14th. Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $199.00 price objective for the company in a research report on Wednesday, April 4th. Barclays set a $220.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Thursday, April 5th. Finally, KeyCorp lowered their price objective on shares of Alibaba Group from $228.00 to $219.00 and set an “overweight” rating for the company in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $231.18.

NYSE:BABA traded down $6.40 during trading hours on Friday, hitting $185.02. The stock had a trading volume of 23,869,553 shares, compared to its average volume of 19,290,184. Alibaba Group has a one year low of $137.52 and a one year high of $211.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 1.89. The company has a market capitalization of $489.82 billion, a PE ratio of 45.91, a PEG ratio of 1.16 and a beta of 2.54.

Hedge funds have recently made changes to their positions in the business. Avestar Capital LLC acquired a new stake in Alibaba Group in the fourth quarter valued at $102,000. Riverhead Capital Management LLC acquired a new stake in Alibaba Group in the first quarter valued at $110,000. Trustcore Financial Services LLC acquired a new stake in Alibaba Group in the fourth quarter valued at $107,000. Wagner Wealth Management LLC acquired a new stake in Alibaba Group in the fourth quarter valued at $123,000. Finally, Jacobi Capital Management LLC lifted its stake in Alibaba Group by 480.0% in the first quarter. Jacobi Capital Management LLC now owns 725 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 37.88% of the company’s stock.

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

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