Vipshop (VIPS) to Release Earnings on Tuesday

Vipshop (NYSE:VIPS - Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Vipshop has set its Q3 2024 guidance at EPS.

Vipshop (NYSE:VIPS - Get Free Report) last posted its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. The company had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The business's revenue was down 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, analysts expect Vipshop to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vipshop Trading Down 0.8 %

Vipshop stock traded down $0.11 on Tuesday, reaching $13.86. 3,231,420 shares of the stock were exchanged, compared to its average volume of 3,944,877. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19. The firm has a fifty day moving average price of $14.48 and a two-hundred day moving average price of $14.51. The stock has a market cap of $7.52 billion, a PE ratio of 6.62, a PEG ratio of 1.57 and a beta of 0.34.

Wall Street Analyst Weigh In

VIPS has been the subject of a number of research analyst reports. Barclays assumed coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 target price for the company. CLSA downgraded shares of Vipshop from an "outperform" rating to a "hold" rating and reduced their price objective for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Citigroup increased their target price on Vipshop from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a report on Thursday, September 12th. Finally, Morgan Stanley lowered their price target on shares of Vipshop from $16.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Vipshop currently has an average rating of "Hold" and a consensus target price of $17.64.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.