$9.20 Billion in Sales Expected for Alibaba Group (BABA) This Quarter

Equities research analysts predict that Alibaba Group (NYSE:BABA) will report sales of $9.20 billion for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Alibaba Group’s earnings. The lowest sales estimate is $8.82 billion and the highest is $9.58 billion. Alibaba Group posted sales of $5.61 billion during the same quarter last year, which suggests a positive year over year growth rate of 64%. The business is scheduled to announce its next earnings results before the market opens on Friday, May 4th.

On average, analysts expect that Alibaba Group will report full-year sales of $38.51 billion for the current year, with estimates ranging from $37.53 billion to $39.47 billion. For the next year, analysts expect that the company will report sales of $54.50 billion per share, with estimates ranging from $52.37 billion to $56.55 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Alibaba Group.

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Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.08). The company had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same period in the prior year, the company posted $1.30 EPS.



Several research analysts have issued reports on the company. Morgan Stanley set a $250.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Monday, January 29th. Deutsche Bank set a $204.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Thursday, April 5th. KeyCorp upped their price target on Alibaba Group from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Stifel Nicolaus lifted their price objective on shares of Alibaba Group from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Raymond James lifted their price objective on shares of Alibaba Group to $240.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $213.26.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Alibaba Group by 2.6% in the 4th quarter. BlackRock Inc. now owns 56,469,345 shares of the specialty retailer’s stock valued at $9,737,009,000 after purchasing an additional 1,443,555 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Alibaba Group by 7.5% in the 4th quarter. OppenheimerFunds Inc. now owns 16,055,811 shares of the specialty retailer’s stock valued at $2,768,502,000 after purchasing an additional 1,122,712 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Alibaba Group by 4.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 13,467,207 shares of the specialty retailer’s stock valued at $2,322,151,000 after purchasing an additional 519,382 shares during the last quarter. Boussard & Gavaudan Investment Management LLP lifted its stake in shares of Alibaba Group by 8.3% in the 4th quarter. Boussard & Gavaudan Investment Management LLP now owns 12,563,258 shares of the specialty retailer’s stock valued at $2,163,750,000 after purchasing an additional 964,361 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Alibaba Group by 3.7% in the 4th quarter. Fisher Asset Management LLC now owns 10,671,199 shares of the specialty retailer’s stock valued at $1,840,035,000 after purchasing an additional 383,104 shares during the last quarter. Institutional investors and hedge funds own 37.72% of the company’s stock.

Shares of NYSE BABA traded down $2.28 during trading on Monday, hitting $179.11. The company had a trading volume of 14,473,079 shares, compared to its average volume of 15,543,270. The stock has a market capitalization of $464,567.72, a P/E ratio of 71.36, a P/E/G ratio of 1.09 and a beta of 2.52. Alibaba Group has a 52 week low of $112.30 and a 52 week high of $206.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Earnings History and Estimates for Alibaba Group (NYSE:BABA)

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