Alibaba Group Holding Limited (NYSE:BABA) mobile commerce and online shopping wholesaler, is reporting second quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.10 per share.
For the full year, analysts predict revenues of $ 100603.00 million, while looking forward to income of $ 9.40 per share.
The Company Outlook
Full Year 2021 topline are forecasted in a range of$ 91798.00 million ~ $ 91798.00 million
Click Here For More Historical Outlooks Of Alibaba Group Holding Limited
Previous Quarter Performance
Alibaba Group Holding Limited unwinded income for the first quarter of $ 2.10 per share, from the revenue of $ 21,762.00 million. The quarterly earnings grew 18.64 percent while revenues grew 50.59 percent compared with the same quarter last year.
Street analysts expected Alibaba Group Holding Limited to report income of $ 1.99 per share on revenue of $ 21339.40 million for the first quarter. The bottom line results beat street analysts by $ 0.11 or 5.53 percent, at the same time, top line results outshined analysts by $ 422.60 million or 1.98 percent.
Stock Performance
Shares of Alibaba Group Holding Limited traded up $ 10.14 or 3.55 percent on Wednesday, reaching $ 295.71 with volume of 28.35 million shares. Alibaba Group Holding Limited has traded high as $ 299.17 and has cracked $ 285.30 on the downward trend
The closing price of $ 295.71, representing a 68.03 % increase from the 52 week low of $ 169.95 and a 10.57 % decrease over the 52 week high of $ 319.32.
The company has a market capital of $ 866.88 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Needham & Company LLC at Buy rating, with $ 330.00 target price.
- On 30th September 2020, maintained by Benchmark at Buy rating, with $ 355.00 target price.
- On 30th September 2020, maintained by Robert W. Baird at Outperform rating, with $ 325.00 target price.
- On 28th September 2020, maintained by Loop Capital at Buy rating, with $ 350.00 target price.
Conference Call
Alibaba Group Holding Limited will be hosting a conference call at 7:30 AM eastern time on 5th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.alibabagroup.com
Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the Peoples Republic of China and internationally. It operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others. The company operates Taobao Marketplace, a mobile commerce destination; Tmall, a third-party platform; Alibaba Health pharmaceutical e-commerce and consumer healthcare platforms; Alimama, a monetization platform; 1688.com, an online wholesale marketplace; Alibaba.com, an online wholesale marketplace; AliExpress, a retail marketplace; Lazada, an e-commerce platform; and Tmall Global, an import e-commerce platform.
