Alibaba Group (BABA) to Release Quarterly Earnings on Wednesday

Alibaba Group (NYSE:BABA - Get Free Report) is anticipated 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 - Get Free Report) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. 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 Price Performance

Shares of Alibaba Group stock traded up $3.76 during mid-day trading on Tuesday, reaching $102.37. 29,797,936 shares of the stock were exchanged, compared to its average volume of 20,989,404. The company has a market cap of $243.52 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. 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 50-day simple moving average of $86.84 and a 200 day simple moving average of $89.07. Alibaba Group has a fifty-two week low of $68.36 and a fifty-two week high of $117.82.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of recent analyst reports. Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Bank of America raised their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Barclays lowered their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, November 19th. Benchmark restated a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Finally, Mizuho raised their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $115.13.

About Alibaba Group

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.