Alibaba Group (BABA) to Release Earnings on Wednesday

Alibaba Group (NYSE:BABA - Get Free Report) is projected to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect Alibaba Group to post earnings of $3.03 per share and revenue of $36.19 billion for the quarter.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period in the previous year, the business earned $1.82 EPS. The business's revenue for the quarter was up 5.2% on a year-over-year basis. 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 NYSE:BABA traded up $1.08 on Thursday, hitting $100.36. The company's stock had a trading volume of 12,715,812 shares, compared to its average volume of 20,483,164. Alibaba Group has a 1 year low of $68.36 and a 1 year high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $238.73 billion, a PE ratio of 20.36, a PEG ratio of 0.42 and a beta of 0.31. The company has a 50-day simple moving average of $87.44 and a 200 day simple moving average of $89.33.

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Analysts Set New Price Targets

A number of research firms have commented on BABA. Robert W. Baird boosted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Bank of America upped their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Benchmark reaffirmed a "buy" rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. StockNews.com lowered Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. Finally, Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Alibaba Group currently has an average rating of "Moderate Buy" and a consensus 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.