Alibaba Group Holding Limited (NYSE:BABA) mobile commerce and online shopping wholesaler, is reporting first quarter earnings results on Thursday 20th August 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.99 per share.
For the full year, analysts predict revenues of $ 95881.70 million, while looking forward to income of $ 8.74 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 posted income for the fourth quarter of $ 1.30 per share, from the revenue of $ 16,144.00 million. The quarterly earnings raised 4.00 percent while revenues expanded 18.83 percent compared with the same quarter last year.
Wall street analysts are predicting, BABA to report 4Q20 income of $ 0.87 per share from revenue of $ 15201.20 million. The bottom line results beat street analysts by $ 0.43 or 49.43 percent, at the same time, top line results outshined analysts by $ 942.80 million or 6.20 percent.
Stock Performance
According to the previous trading day, closing price of BABA was $ 260.59, representing a 61.18 % increase from the 52 week low of $ 161.68 and a 2.76 % decrease over the 52 week high of $ 268.00.
The company has a market capital of $ 707.23 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 14th July 2020, maintained by KeyBanc at Overweight rating, with $ 285.00 target price.
- On 9th July 2020, initiated by Needham & Company LLC at Buy rating, with $ 275.00 target price.
Conference Call
Alibaba Group Holding Limited will be hosting a conference call at 7:30 AM eastern time on 20th August 2020, to discuss its 1Q21 financial results with the investment community. The participants may dial, +1 347 549 4094 Toll Free, (United States) or +65 6713 5330 Outside U.S., when prompted, enter passcode 9264889 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/3pkoeev3
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.
