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Saturday, May 15, 2021

BABA Will Have A Sales Sum Of $28.18 Billion For This Quarter

Several brokerages from Wall Street have predicted that the stocks of BABA would be reporting an EPS of $28.18 billion for the current quarter. Seven of the analysts covering the firm have already provided estimates into the earnings of the company, with the lowest coming in at $27.68 billion, and the highest coming in at $28.98 billion.

The company did post a sales sum of $16.14 billion the previous year, which is indicative of an annual growth rate of about 74.6%. The company will be reporting its next quarterly earnings results on the 28th of May. 

The Quarterly Estimates Of BABA

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The stocks of BABA did post their previous quarterly data on the 1st of February. The company had an EPS of $22.03 for the quarter, which was more than the consensus estimate of $2.78. The revenue generated by the firm for the quarter was $221.08 billion, which was more than the consensus estimate of $214.39 billion. The net margin of the company has been set at 22.56%, with a 12.74% return on their equity. 

There have been quite a few research equities that have commented on the stocks of BABA. Mizuho Securities has already increased the price target of the company from $270 to $285 with a rating of buy in a 3rd February research report.

Deutsche Bank has gone the other way and reduced the price target from $360 to $319 with a rating of buy in a 26th January research report. Truist Securities has also increased the price target of the company from $326 to $330 with a rating of buy in a 25th March research report. 

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Three of the research analysts have already given the stocks of the firm a rating of hold, while twenty-nine of them have given the company a rating of buy. BABA currently has a price rating of buy, with a $319.25 price target. 

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