Alibaba Group (BABA) Projected to Post Quarterly Earnings on Wednesday

Alibaba Group (NYSE:BABA - Get Free Report) is expected to be announcing 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 - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter last year, the business earned $1.82 earnings per share. Alibaba Group's revenue was up 5.2% compared to the same quarter last year. 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 Performance

BABA traded down $4.09 during trading hours on Friday, hitting $98.65. The company's stock had a trading volume of 36,378,141 shares, compared to its average volume of 16,013,848. The company has a 50-day simple moving average of $86.58 and a 200 day simple moving average of $88.76. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $234.66 billion, a PE ratio of 20.01, a PEG ratio of 0.41 and a beta of 0.30. Alibaba Group has a fifty-two week low of $68.36 and a fifty-two week high of $117.82.

Analysts Set New Price Targets

A number of brokerages have recently commented on BABA. Macquarie upgraded shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. Barclays dropped their price target on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Benchmark reiterated a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Robert W. Baird boosted their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.