BABA) will release its latest earnings report. Benzinga’s outlook for Alibaba Group Holding is included in the following report.
Earnings and Revenue
Analysts covering Alibaba Group Holding modeled for quarterly EPS of $1.98 on revenue of $21.22 billion. Alibaba Group Holding EPS in the same period a year ago totaled $1.83. Sales were $16.74 billion. If the company were to post earnings in line with the consensus estimate when it reports Thursday, EPS would be up 8.2%. Sales would be have grown 26.75% from the same quarter last year. Here’s how the company’s reported EPS has stacked up against analyst estimates in the past:
|Quarter||Q4 2020||Q3 2020||Q2 2019||Q1 2019|
|Revenue Estimate||15.20 B||22.45 B||16.46 B||15.82 B|
|Revenue Actual||16.14 B||23.19 B||16.65 B||16.74 B|
Shares of Alibaba Group Holding were trading at $259.28 as of August 19. Over the last 52-week period, shares are up 50.57%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
View more earnings on BABA” data-reactid=”23″>View more earnings on BABA
https://edge.media-server.com/mmc/p/3pkoeev3” data-reactid=”24″>Don’t be surprised to see the stock move on comments made during its conference call. Alibaba Group Holding is scheduled to hold the call at 07:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/3pkoeev3
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