Vipshop Holdings Limited (NYSE:VIPS) is reporting third quarter financial results on Friday 13th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, VIPS is expected to report 3Q20 income of $ 0.26 per share from revenue of $ 3261.66 million.
For the full year, analysts anticipate top line of $ 14651.10 million, while looking forward to income of $ 1.23 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 2,916.00 million ~ $ 3,057.00 million
Click Here For More Historical Outlooks Of Vipshop Holdings Limited
Previous Quarter Performance
Vipshop Holdings Limited recorded income for the second quarter of $ 0.27 per share, from the revenue of $ 3,413.00 million. The quarterly earnings improved 8.00 percent while revenues improved 21.78 percent compared with the same quarter last year.
Wall street analysts are predicting, VIPS to report 2Q20 income of $ 0.31 per share from revenue of $ 3158.62 million. The bottom line results missed street analysts by $ 0.04 or 12.9 percent, at the same time, top line results outshined analysts by $ 254.38 million or 8.05 percent.
Stock Performance
Shares of Vipshop Holdings Limited traded up $ 1.25 or 5.98 percent on Thursday, reaching $ 22.15 with volume of 11.46 million shares. Vipshop Holdings Limited has traded high as $ 22.75 and has cracked $ 21.94 on the downward trend
According to the previous trading day, closing price of $ 22.15, representing a 82.21 % increase from the 52 week low of $ 11.47 and a 14.55 % decrease over the 52 week high of $ 24.46.
The company has a market capital of $ 14.97 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Analyst recommendations
- On 28th September 2020, downgraded by Morgan Stanley to Underweight from Equal-Weight rating, with $ 13.00 target price.
Conference Call
Vipshop Holdings Limited will be hosting a conference call at 7:30 AM eastern time on 13th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.vip.com
Vipshop Holdings Limited operates as an online discount retailer for various brands in the Peoples Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers womens apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; mens apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.
