Nasdaq BABA Alibaba

China-based technology giant Alibaba ( NYSE:BABA ) will report its financial results for the June-ended quarter (Q1) on Thursday, August 10. While the softer consumption trends and increased competitive headwinds could continue to hurt its prospects, easier year-over-year comparisons will likely support its growth. During the previous quarter’s conference call, the company revealed that it witnessed a gradual recovery in consumption trends in China. However, consumer confidence and spending power need further momentum. In addition, Alibaba’s management highlighted that the competition continues to remain fierce “among the multiple consumption platforms.” On July 10,  Citi analyst Alicia Yap reiterated a Buy on BABA stock and increased the price target to $149 from $144. The analyst expects easier year-over-year comparisons, higher gross merchandise volume at Taobao and Tmall, and promotions to support Alibaba’s Q1 results despite the low pace of recovery in consumption.  Against this backdrop, let’s delve into analysts’ consensus estimates for Q1. Here’s What Alibaba’s Consensus Estimates Indicate Wall Street analysts expect Alibaba to post revenue of $31.29 billion in the June-ended quarter compared to $31.08 billion in the prior-year period. The consensus estimate shows only a marginal improvement in Alibaba’s top line as a slow recovery, heightened competition, and uncertainty in the Cloud business continues to pose challenges.  Nonetheless, an improvement in sales will likely cushion its bottom line. Analysts expect Alibaba to deliver  earnings of $2.03 per share compared to EPS of $1.75 in the prior-year period. Further, the consensus estimate indicates a quarter-over-quarter improvement in its bottom line.  Is Alibaba a Good Stock to Buy Now? Unlike its technology peers in the U.S., Alibaba stock has not participated in this year’s recovery rally. However, analysts remain upbeat on Alibaba stock ahead of Q1 earnings. With 13 out of 14 analysts recommending a Buy on Alibaba stock, it has a Strong Buy consensus rating. The average BABA price target of $142.71 implies 51.46% upside potential.   Options Traders Expect a 6.02% Earnings-Related Move Options traders are pricing in a +/- 6.57% move after BABA’s earnings report, which is greater than the previous quarter’s earnings-related move of -5.41%. The anticipated earnings move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement. Learn more about TipRanks’ option tool  here. Disclosure

There is a long list of companies that will be reporting their quarterly results on Thursday, August 10.

The following companies are expected to report earnings prior to market open on 08/10/2023. Visit our Earnings Calendar for a full list of expected earnings releases.Alibaba Group Holding Limited (BABA)is reporting for the quarter ending June 30, 2023. The internet company's con

Earnings season isn’t over just because most of the Magnificent 7 has reported. There are hundreds of companies still expected to report this week. We are starting to get some of the mid-cap and small-cap companies reporting. And

Alibaba Group Holding Limited’s BABA first-quarter fiscal 2024 results, slated for release on Aug 10, are expected to reflect the impacts of its expanding cloud computing business.The cloud segment has turned out to be one of the

China-based technology giant Alibaba ( NYSE:BABA ) will report its financial results for the June-ended quarter (Q1) on Thursday, August 10. While the softer consumption trends and increased competitive headwinds could continue to hurt its prospects, easier year-over-year comparisons will likely support its growth. During the previous quarter’s conference call, the company revealed that it witnessed a gradual recovery in consumption trends in China. However, consumer confidence and spending power need further momentum. In addition, Alibaba’s management highlighted that the competition continues to remain fierce “among the multiple consumption platforms.” On July 10,  Citi analyst Alicia Yap reiterated a Buy on BABA stock and increased the price target to $149 from $144. The analyst expects easier year-over-year comparisons, higher gross merchandise volume at Taobao and Tmall, and promotions to support Alibaba’s Q1 results despite the low pace of recovery in consumption.  Against this backdrop, let’s delve into analysts’ consensus estimates for Q1. Here’s What Alibaba’s Consensus Estimates Indicate Wall Street analysts expect Alibaba to post revenue of $31.29 billion in the June-ended quarter compared to $31.08 billion in the prior-year period. The consensus estimate shows only a marginal improvement in Alibaba’s top line as a slow recovery, heightened competition, and uncertainty in the Cloud business continues to pose challenges.  Nonetheless, an improvement in sales will likely cushion its bottom line. Analysts expect Alibaba to deliver  earnings of $2.03 per share compared to EPS of $1.75 in the prior-year period. Further, the consensus estimate indicates a quarter-over-quarter improvement in its bottom line.  Is Alibaba a Good Stock to Buy Now? Unlike its technology peers in the U.S., Alibaba stock has not participated in this year’s recovery rally. However, analysts remain upbeat on Alibaba stock ahead of Q1 earnings. With 13 out of 14 analysts recommending a Buy on Alibaba stock, it has a Strong Buy consensus rating. The average BABA price target of $142.71 implies 51.46% upside potential.   Options Traders Expect a 6.02% Earnings-Related Move Options traders are pricing in a +/- 6.02% move after BABA’s earnings report, which is greater than the previous quarter’s earnings-related move of -5.41%. The anticipated earnings move is determined by computing the at-the-money straddle of the options closest to the expiration after the earnings announcement. Learn more about TipRanks’ option tool  here. Disclosure

Below is Validea's guru fundamental report for ALIBABA GROUP HOLDING LTD - ADR (BABA). Of the 22 guru strategies we follow, BABA rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent a

Alibaba reports first quarter fiscal 2024 earnings results before the opening bell Thursday.

For Immediate ReleaseChicago, IL – August 9, 2023 – Stocks in this week’s article are Alibaba Group BABA, Encompass Health EHC, Molson Coors Beverage TAP, Ford Motor F and Albemarle Corp. ALB.

Alibaba Group Holding Limited BABA is scheduled to report first-quarter fiscal 2024 results on Aug 10.For the fiscal first quarter, the Zacks Consensus Estimate for revenues is pegged at $30.79 billion, which suggests a rise of 0.

Once a Wall Street darling, Alibaba (NYSE: BABA) has been a problem child for most investors over the last three years. A series of setbacks, including the calling off of Ant Group's IPO and muted growth, has set Alibaba's stock for a spiraling decline, down more than 70% from i

Alibaba Group Holding (BABA) runs the largest e-commerce website in China and is scheduled to report earnings Thursday, August 10th, before the market open.

One of China's most prolific growth stocks will be reporting fresh financials this week. A lot is riding on what Alibaba Group (NYSE: BABA) has to say when it announces its fiscal first-quarter results a couple of hours before the market opens on Thursday morning.The e-commerce g

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Below is Validea's guru fundamental report for ALIBABA GROUP HOLDING LTD - ADR (BABA). Of the 22 guru strategies we follow, BABA rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent a

U.S. stock index futures fell on Tuesday, with financial stocks edging lower after Moody's overnight cut credit ratings of several small- to mid-sized U.S. banks and said it could downgrade some of the country's biggest lenders.

U.S. stock index futures slipped on Tuesday, with financial stocks edging lower after Moody's overnight cut credit ratings of several small- to mid-sized U.S. banks and said it may downgrade some of the nation's biggest lenders.

Below is Validea's guru fundamental report for ALIBABA GROUP HOLDING LTD - ADR (BABA). Of the 22 guru strategies we follow, BABA rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent a