Earnings and Growth Analysis : Alibaba Group Stock Forecast, Price & News (NYSE:BABA)

Earnings results for Alibaba Group Stock Forecast, Price & News (NYSE:BABA)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has decreased over the past week from 1.6 to 1.54(3.75%) and increased over the past month from 1.52 to 1.54(1.32%). Of the 1 analysts making quarterly forecasts, 1raised and none lowered their forecast. For the fiscal year ending Mar 2021 , the consensus EPS* forecast has decreased over the past week from 7.01 to 6.97(1.6) and increased over the past month from 6.91 to 7.01(1.45%). Of the 1 analysts making yearly forecasts, 1raised and none lowered their forecast.

Alibaba Group last announced its earnings results on May 22nd, 2020. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $8.61. The firm had revenue of $114.31 billion for the quarter, compared to analyst estimates of $108.31 billion. Its quarterly revenue was up 22.3% on a year-over-year basis. Alibaba Group has generated $6.03 earnings per share over the last year and currently has a price-to-earnings ratio of 32.4. Alibaba Group has confirmed that its next quarterly earnings report will be published on Thursday, August 20th, 2020.

Analyst Opinion on Alibaba Group Stock Forecast, Price & News (NYSE:BABA)

30 Wall Street analysts have issued ratings and price targets for Alibaba Group in the last 12 months. Their average twelve-month price target is $258.49, predicting that the stock has a possible downside of 0.27%. The high price target for BABA is $316.00 and the low price target for BABA is $197.70. There are currently 1 hold rating, 28 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

Alibaba Group has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 28 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $258.49, Alibaba Group has a forecasted downside of 0.3% from its current price of $259.20. Alibaba Group has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Alibaba Group Stock Forecast, Price & News (NYSE:BABA)

Alibaba Group does not currently pay a dividend. Alibaba Group does not have a long track record of dividend growth.

Insiders buying/selling: Alibaba Group Stock Forecast, Price & News (NYSE:BABA)

In the past three months, Alibaba Group insiders have not sold or bought any company stock. Only 12.50% of the stock of Alibaba Group is held by insiders. 47.10% of the stock of Alibaba Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Alibaba Group Stock Forecast, Price & News (NYSE:BABA

Earnings for Alibaba Group are expected to grow by 24.96% in the coming year, from $7.01 to $8.76 per share. The P/E ratio of Alibaba Group is 32.44, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.39. The P/E ratio of Alibaba Group is 32.44, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.31. Alibaba Group has a PEG Ratio of 2.33. PEG Ratios above 1 indicate that a company could be overvalued. Alibaba Group has a P/B Ratio of 5.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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