Earnings and Growth Analysis : Alibaba Group (NYSE:BABA)

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Earnings results for Alibaba Group (NYSE:BABA)

Alibaba Group Holding Limited is expected* to report earnings on 11/05/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.6800000000000002. The reported EPS for the same quarter last year was $1.49.

Alibaba Group last released its earnings data on August 20th, 2020. The specialty retailer reported $14.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $13.28. The firm earned $153.75 billion during the quarter, compared to analysts’ expectations of $147.30 billion. Its quarterly revenue was up 33.8% compared to the same quarter last year. Alibaba Group has generated $6.03 earnings per share over the last year and currently has a price-to-earnings ratio of 31.9. Alibaba Group has confirmed that its next quarterly earnings report will be published on Thursday, November 5th, 2020.

Analyst Opinion on Alibaba Group (NYSE:BABA)

27 Wall Street analysts have issued ratings and price targets for Alibaba Group in the last 12 months. Their average twelve-month price target is $304.09, predicting that the stock has a possible upside of 2.83%. The high price target for BABA is $360.00 and the low price target for BABA is $197.70. There are currently 1 hold rating, 25 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 26 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $301.79, Alibaba Group has a forecasted upside of 2.1% from its current price of $295.71. Alibaba Group has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Alibaba Group (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 (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. 46.02% 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 (NYSE:BABA

Earnings for Alibaba Group are expected to grow by 29.87% in the coming year, from $7.60 to $9.87 per share. The P/E ratio of Alibaba Group is 31.87, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.26. The P/E ratio of Alibaba Group is 31.87, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 38.37. Alibaba Group has a PEG Ratio of 2.03. PEG Ratios above 1 indicate that a company could be overvalued. Alibaba Group has a P/B Ratio of 6.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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