Alibaba Group (BABA) to Release Quarterly Earnings on Tuesday

Alibaba Group (NYSE:BABA - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 14th. Analysts expect Alibaba Group to post earnings of $1.20 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing analysts' consensus estimates of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.44 earnings per share. On average, analysts expect Alibaba Group to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Alibaba Group Stock Performance

Shares of Alibaba Group stock traded down $2.17 during trading on Tuesday, reaching $79.38. The company's stock had a trading volume of 14,549,289 shares, compared to its average volume of 17,905,604. Alibaba Group has a 52 week low of $66.63 and a 52 week high of $102.50. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $73.57 and its 200-day moving average price is $75.11. The firm has a market cap of $201.43 billion, a PE ratio of 14.61 and a beta of 0.44.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BABA shares. Macquarie downgraded shares of Alibaba Group from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. Robert W. Baird decreased their price target on Alibaba Group from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, January 19th. Morgan Stanley reissued an "equal weight" rating and issued a $85.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 9th. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 27th. Finally, Mizuho restated a "buy" rating and set a $95.00 price target on shares of Alibaba Group in a report on Wednesday, March 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.49.

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.