Alibaba Group Holding Ltd reports results for the quarter ended December 31 - Earnings Summary

• Alibaba Group Holding Ltd BABA.N reported quarterly adjusted earnings of CNY7.09​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of CNY21.39. The mean expectation of nineteen analysts for the quarter was for earnings of CNY11.64 per share. Wall Street expected results to range from CNY7.52 to CNY14.94 per share.

• Revenue rose 1.7% to CNY284.84 billion from a year ago; analysts expected CNY290.69 billion.

• Alibaba Group Holding Ltd's reported EPS for the quarter was CNY5.93​.

• The company reported quarterly net income of CNY16.32 billion.

• Alibaba Group Holding Ltd shares had fallen by 8.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 36 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Alibaba Group Holding Ltd is $198.00, about 32.1% above its last closing price of $134.43

This summary was machine generated from LSEG data March 19 at 01:30 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)