$0.84 EPS Expected for Alibaba Group Holding Limited (BABA)

August 12, 2018 - By Anthony Romero

Analysts expect Alibaba Group Holding Limited (NYSE:BABA) to report $0.84 EPS on August, 23 before the open.They anticipate $0.10 EPS change or 10.64 % from last quarter’s $0.94 EPS. BABA’s profit would be $2.16 billion giving it 53.57 P/E if the $0.84 EPS is correct. After having $0.54 EPS previously, Alibaba Group Holding Limited’s analysts see 55.56 % EPS growth. The stock increased 1.59% or $2.82 during the last trading session, reaching $180.01. About 22.05M shares traded or 24.53% up from the average. Alibaba Group Holding Limited (NYSE:BABA) has risen 61.13% since August 13, 2017 and is uptrending. It has outperformed by 48.56% the S&P500.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Coverage

Among 12 analysts covering Alibaba Group (NYSE:BABA), 12 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alibaba Group had 16 analyst reports since March 6, 2018 according to SRatingsIntel. The firm has “Buy” rating by Oppenheimer given on Tuesday, March 6. Susquehanna maintained the shares of BABA in report on Thursday, June 7 with “Buy” rating. The rating was maintained by Raymond James with “Buy” on Thursday, May 24. The firm earned “Buy” rating on Tuesday, May 29 by Robert W. Baird. The firm has “Buy” rating by Robert W. Baird given on Friday, May 4. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, May 7. The rating was maintained by Bank of America on Monday, May 7 with “Buy”. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, April 10 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Monday, May 7 by Stifel Nicolaus. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, March 14 report.

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce firm in the People's Republic of China and internationally. The company has market cap of $462.97 billion. The firm operates in four divisions: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. It has a 48.32 P/E ratio. It operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party platform for brands and retailers; Rural Taobao program that enables rural residents and businesses to sell agricultural products to urban consumers; Juhuasuan, a sales and marketing platform for flash sales; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Streetinsider.com which released: “Starbucks Corp (SBUX), Alibaba (BABA) Form Strategic Partnership to Transform China Coffee Industry” on August 02, 2018, also Seekingalpha.com with their article: “Starbucks And Alibaba’s Game Changing Alliance” published on August 06, 2018, Finance.Yahoo.com published: “Alibaba Is Nearing the Buy Zone After the Recent 10% Pullback” on August 07, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Investorplace.com and their article: “Thursday’s Vital Data: Tesla, Alibaba and Advanced Micro Devices” published on August 09, 2018 as well as Livetradingnews.com‘s news article titled: “Alibaba Group Holding Limited (NYSE:BABA) Eye Catching Stock” with publication date: August 09, 2018.

Alibaba Group Holding Limited (NYSE:BABA) Ratings Chart

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