Zacks: Brokerages Anticipate Alibaba Group (BABA) Will Post Earnings of $0.92 Per Share

Brokerages predict that Alibaba Group (NYSE:BABA) will report earnings of $0.92 per share for the current quarter, Zacks reports. Nine analysts have issued estimates for Alibaba Group’s earnings, with estimates ranging from $0.76 to $1.22. Alibaba Group reported earnings per share of $0.63 during the same quarter last year, which indicates a positive year over year growth rate of 46%. The business is expected to report its next quarterly earnings results before the market opens on Friday, May 4th.

On average, analysts expect that Alibaba Group will report full year earnings of $5.06 per share for the current fiscal year, with EPS estimates ranging from $4.87 to $5.33. For the next fiscal year, analysts anticipate that the company will post earnings of $6.72 per share, with EPS estimates ranging from $5.76 to $8.34. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Alibaba Group.

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Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.08). Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. The firm had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share.

BABA has been the subject of several research reports. Morgan Stanley set a $250.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, January 29th. Barclays set a $220.00 price target on Alibaba Group and gave the stock a “buy” rating in a research report on Thursday, April 5th. KeyCorp boosted their price target on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $217.30 price target for the company in a research report on Thursday, February 1st. Finally, Nomura reiterated a “buy” rating and set a $219.00 price target (down from $221.00) on shares of Alibaba Group in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. Alibaba Group has an average rating of “Buy” and an average target price of $213.26.

Several institutional investors have recently made changes to their positions in BABA. Amundi Pioneer Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 2,946,365 shares during the last quarter. Barings LLC lifted its stake in shares of 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 purchasing an additional 1,514,648 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Alibaba Group by 2.6% in the 4th quarter. BlackRock Inc. now owns 56,469,345 shares of the specialty retailer’s stock valued at $9,737,009,000 after purchasing an additional 1,443,555 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Alibaba Group by 7.5% in the 4th quarter. OppenheimerFunds Inc. now owns 16,055,811 shares of the specialty retailer’s stock valued at $2,768,502,000 after purchasing an additional 1,122,712 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP lifted its stake in shares of Alibaba Group by 8.3% in the 4th quarter. Boussard & Gavaudan Investment Management LLP now owns 12,563,258 shares of the specialty retailer’s stock valued at $2,163,750,000 after purchasing an additional 964,361 shares during the last quarter. 37.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of BABA opened at $174.70 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97. Alibaba Group has a one year low of $110.30 and a one year high of $206.20. The company has a market cap of $440,620.94, a P/E ratio of 69.60, a PEG ratio of 1.02 and a beta of 2.51.

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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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