Zacks: Brokerages Anticipate Alibaba Group (BABA) Will Post Earnings of $1.44 Per Share

Brokerages predict that Alibaba Group (NYSE:BABA) will report earnings per share of $1.44 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Alibaba Group’s earnings. The highest EPS estimate is $1.60 and the lowest is $1.28. Alibaba Group reported earnings per share of $1.17 in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.1%. The firm is expected to announce its next quarterly earnings results on Thursday, August 16th.

According to Zacks, analysts expect that Alibaba Group will report full-year earnings of $6.67 per share for the current financial year, with EPS estimates ranging from $6.30 to $7.31. For the next year, analysts forecast that the business will report earnings of $8.78 per share, with EPS estimates ranging from $7.82 to $9.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Alibaba Group.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the Zacks’ 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 quarter in the previous year, the company posted $0.63 earnings per share.

A number of research analysts have recently commented on the company. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 target price for the company. in a research report on Tuesday, January 23rd. Oppenheimer reaffirmed a “buy” rating and set a $220.00 target price on shares of Alibaba Group in a research report on Wednesday, January 24th. KeyCorp raised their target price on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $230.00 target price (up from $210.00) on shares of Alibaba Group in a research report on Sunday, January 28th. Finally, SunTrust Banks raised their target price on Alibaba Group from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. One analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $216.64.

A number of hedge funds and other institutional investors have recently made changes to their positions in BABA. BlackRock Inc. lifted its position in Alibaba Group by 8.1% in the 1st quarter. BlackRock Inc. now owns 61,030,594 shares of the specialty retailer’s stock valued at $11,201,556,000 after acquiring an additional 4,561,249 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Alibaba Group by 8,940.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,979,321 shares of the specialty retailer’s stock valued at $513,724,000 after acquiring an additional 2,946,365 shares in the last quarter. Franklin Resources Inc. lifted its position in Alibaba Group by 29.7% in the 1st quarter. Franklin Resources Inc. now owns 7,528,395 shares of the specialty retailer’s stock valued at $1,381,773,000 after acquiring an additional 1,723,683 shares in the last quarter. Barings LLC lifted its position in Alibaba Group by 7,117.7% in the 4th quarter. Barings LLC now owns 1,535,928 shares of the specialty retailer’s stock valued at $264,840,000 after acquiring an additional 1,514,648 shares in the last quarter. Finally, Highbridge Capital Management LLC lifted its position in Alibaba Group by 103.2% in the 1st quarter. Highbridge Capital Management LLC now owns 45,800 shares of the specialty retailer’s stock valued at $8,406,000 after acquiring an additional 1,498,620 shares in the last quarter. 37.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alibaba Group opened at $195.00 on Friday, according to MarketBeat.com. Alibaba Group has a 52 week low of $121.95 and a 52 week high of $206.20. The firm has a market capitalization of $499.43 billion, a PE ratio of 48.39, a PEG ratio of 1.21 and a beta of 2.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.89 and a quick ratio of 1.97.

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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