Equities analysts expect Alibaba Group Holding Ltd (NYSE:BABA) to announce $1.56 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Alibaba Group’s earnings. The lowest EPS estimate is $1.42 and the highest is $1.68. Alibaba Group posted earnings per share of $1.40 during the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The company is scheduled to issue its next earnings results on Friday, November 1st.

On average, analysts expect that Alibaba Group will report full-year earnings of $7.19 per share for the current fiscal year, with EPS estimates ranging from $6.96 to $7.31. For the next year, analysts anticipate that the firm will post earnings of $9.00 per share, with EPS estimates ranging from $8.50 to $9.53. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Alibaba Group.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.32. The company had revenue of $114.92 billion during the quarter, compared to analyst estimates of $111.65 billion. Alibaba Group had a net margin of 24.40% and a return on equity of 14.36%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS.

A number of brokerages recently issued reports on BABA. Jefferies Financial Group initiated coverage on shares of Alibaba Group in a research note on Monday, August 5th. They issued a “buy” rating and a $216.00 price target for the company. UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, June 11th. Morgan Stanley set a $207.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Friday, July 12th. Benchmark restated a “buy” rating and issued a $220.00 target price (up previously from $205.00) on shares of Alibaba Group in a report on Thursday, May 16th. Finally, Raymond James dropped their target price on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. One investment analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Alibaba Group has an average rating of “Buy” and an average target price of $219.92.

A number of large investors have recently bought and sold shares of BABA. Edge Capital Group LLC grew its holdings in shares of Alibaba Group by 23.0% in the 2nd quarter. Edge Capital Group LLC now owns 2,800 shares of the specialty retailer’s stock worth $474,000 after purchasing an additional 523 shares during the last quarter. M Holdings Securities Inc. grew its position in shares of Alibaba Group by 8.5% during the 1st quarter. M Holdings Securities Inc. now owns 8,790 shares of the specialty retailer’s stock worth $1,604,000 after buying an additional 685 shares during the period. Soma Equity Partners LP grew its position in shares of Alibaba Group by 6.7% during the 1st quarter. Soma Equity Partners LP now owns 480,000 shares of the specialty retailer’s stock worth $87,576,000 after buying an additional 30,000 shares during the period. Dixon Hubard Feinour & Brown Inc. VA raised its stake in shares of Alibaba Group by 5.5% during the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 25,166 shares of the specialty retailer’s stock worth $4,592,000 after buying an additional 1,320 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Alibaba Group by 1.8% during the second quarter. KBC Group NV now owns 752,236 shares of the specialty retailer’s stock worth $127,467,000 after buying an additional 13,553 shares during the last quarter. Hedge funds and other institutional investors own 44.23% of the company’s stock.

Shares of BABA stock traded up $0.89 during trading hours on Friday, reaching $175.88. 526,695 shares of the stock were exchanged, compared to its average volume of 13,538,173. The business’s fifty day moving average is $170.04 and its two-hundred day moving average is $173.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.38 and a quick ratio of 1.38. Alibaba Group has a 12-month low of $129.77 and a 12-month high of $195.72. The firm has a market capitalization of $452.34 billion, a P/E ratio of 49.02, a P/E/G ratio of 1.09 and a beta of 2.28.

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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