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Alibaba Group Holding Limited (BABA) has seen its shares decline by -6.3% over the past month, contrasting sharply with the Zacks S&P 500 composite’s gain of +2.9%. The company is slated to report earnings of $2.24 per share for the current quarter, reflecting a -6.7% year-over-year change, while the consensus earnings estimate for the current fiscal year stands at $8.20, indicating a -4.9% change.
Alibaba’s projected revenue for the current quarter is $34.95 billion, showing an 8.2% year-over-year increase. The company’s last reported quarter saw revenues of $30.73 billion, with an EPS of $1.40, marking a +1.4% change in revenue from the previous year. Over the last four quarters, Alibaba surpassed consensus EPS estimates three times and revenue estimates two times.
The current consensus earnings estimate for next fiscal year is $9.20, which indicates a growth of +12.2% compared to last year. The company holds a Zacks Rank #3 (Hold), suggesting it may perform in line with the broader market in the near term.
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