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

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BABA
BABA

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

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. 

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.