Vipshop (VIPS) Set to Announce Quarterly Earnings on Tuesday

Vipshop (NYSE:VIPS) is set to announce its earnings results before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Vipshop has set its Q3 2024 guidance at EPS.

Vipshop (NYSE:VIPS) last posted its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm had revenue of $25.08 billion during the quarter, compared to analyst estimates of $26.61 billion. During the same period in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts expect Vipshop to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vipshop Price Performance

Shares of VIPS stock opened at $13.97 on Tuesday. Vipshop has a 12 month low of $11.50 and a 12 month high of $20.19. The company has a market cap of $7.58 billion, a PE ratio of 6.62, a price-to-earnings-growth ratio of 1.57 and a beta of 0.34. The business’s 50 day moving average is $14.48 and its two-hundred day moving average is $14.51.

Analyst Ratings Changes

VIPS has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays began coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Morgan Stanley reduced their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.64.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.