Analysts Anticipate Alibaba Group Holding Ltd (NYSE:BABA) Will Announce Quarterly Sales of $15.85 Billion

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Equities analysts forecast that Alibaba Group Holding Ltd (NYSE:BABA) will post sales of $15.85 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Alibaba Group’s earnings. The highest sales estimate is $17.52 billion and the lowest is $14.73 billion. Alibaba Group reported sales of $13.93 billion during the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The firm is expected to issue its next earnings report on Wednesday, May 20th.

On average, analysts expect that Alibaba Group will report full year sales of $72.42 billion for the current year, with estimates ranging from $71.38 billion to $74.25 billion. For the next financial year, analysts expect that the firm will report sales of $97.30 billion, with estimates ranging from $94.35 billion to $102.00 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Alibaba Group.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $18.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.86 by $16.33. The company had revenue of $161.46 billion during the quarter, compared to analysts’ expectations of $156 billion. Alibaba Group had a return on equity of 15.82% and a net margin of 34.90%. The business’s revenue was up 37.7% on a year-over-year basis. During the same period last year, the business earned $12.19 earnings per share.

A number of brokerages have recently weighed in on BABA. SunTrust Banks raised their target price on Alibaba Group from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday. KeyCorp raised their target price on Alibaba Group from $243.00 to $260.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Daiwa Capital Markets began coverage on Alibaba Group in a research note on Thursday, January 9th. They issued a “buy” rating for the company. Goldman Sachs Group restated a “buy” rating and issued a $275.00 target price on shares of Alibaba Group in a research note on Friday, February 14th. Finally, ValuEngine upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $241.29.

Shares of NYSE BABA traded down $5.45 during midday trading on Friday, reaching $212.59. 17,677,632 shares of the company traded hands, compared to its average volume of 15,438,867. The firm has a market cap of $540.91 billion, a PE ratio of 22.86, a PEG ratio of 1.43 and a beta of 2.21. The stock’s 50-day simple moving average is $218.73 and its 200-day simple moving average is $191.06. Alibaba Group has a 12 month low of $147.95 and a 12 month high of $231.14. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.75 and a current ratio of 1.75.

Several large investors have recently added to or reduced their stakes in BABA. GQG Partners LLC lifted its holdings in shares of Alibaba Group by 2,641.0% during the 4th quarter. GQG Partners LLC now owns 7,640,310 shares of the specialty retailer’s stock valued at $1,620,851,000 after purchasing an additional 7,361,567 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Alibaba Group by 9.5% during the 2nd quarter. BlackRock Inc. now owns 78,533,960 shares of the specialty retailer’s stock valued at $13,307,578,000 after purchasing an additional 6,830,518 shares in the last quarter. State Street Corp lifted its holdings in shares of Alibaba Group by 18.7% during the 4th quarter. State Street Corp now owns 35,607,263 shares of the specialty retailer’s stock valued at $12,969,965,000 after purchasing an additional 5,605,966 shares in the last quarter. Genesis Investment Management LLP bought a new position in shares of Alibaba Group during the 3rd quarter valued at about $748,808,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Alibaba Group by 12.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 26,753,779 shares of the specialty retailer’s stock valued at $5,674,477,000 after purchasing an additional 2,941,744 shares in the last quarter. Institutional investors and hedge funds own 47.22% of the company’s stock.

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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