Alibaba Group (BABA) to Release Earnings on Wednesday

Alibaba Group (NYSE:BABA) is expected to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $3.03 per share and revenue of $36.19 billion for the quarter.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the prior year, the business earned $1.82 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. On average, analysts expect Alibaba Group to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Alibaba Group Stock Down 0.2 %

Shares of NYSE:BABA opened at $98.68 on Tuesday. The company has a market capitalization of $234.72 billion, a P/E ratio of 20.02, a P/E/G ratio of 0.42 and a beta of 0.31. The stock’s fifty day simple moving average is $86.58 and its 200-day simple moving average is $88.92. Alibaba Group has a 52-week low of $68.36 and a 52-week high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird upped their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Monday, October 7th. Barclays dropped their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Finally, Citigroup upped their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.