🔥Stock Prediction: How will Alibaba close Thursday 16/11 following their earnings?

Tiger_Earnings
2023-11-13

Click to vote. Guess how will $Alibaba(BABA)$ close Thursday16/11 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

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$Alibaba(BABA)$  is set to release its earnings report on Thursday, November 16, before the market open. BABA stock has risen more than 40% from its low of $58. Wall Street expects Alibaba to earn $2.12 per share on revenue of $30.79 billion. This compares to the year-ago quarter when earnings came to $1.81 per share on revenue of $28.95 billion.

What to watch:

The company is poised to catch up amid China’s more relaxed regulatory scrutiny of big tech platforms, which is something that has impacted BABA’s operations for the past three years. The company is pivoting from its conglomerate status and recently announced plans to break its operation into six individual segments, including splitting off its cloud division into a separate company. 

On Thursday the stock may reverse its decline if Alibaba can deliver a top- and bottom-line beat and provide confident outlook for the next quarter and full year, especially given that it is facing much more favorable year-over-year comparisons.

$Alibaba(BABA)$ earnings call will be held on 16 November 2023 at approximately at 20:30 SGT. To set a reminder, please click here

💰Event Details

  • Click to vote. Guess where $Alibaba(BABA)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

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⏰Event Duration

The deadline for this event is 19:00 on 16 November 2023

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How will Alibaba close Thursday 16/11 following their earnings?(Maximum1 votes)
  • Very Green (over 10%)(47 votes)
  • Green (5% to 10%)(131 votes)
  • Flat (-5% to 5%)(98 votes)
  • Red (-10% to-5%)(22 votes)
  • Very Red (below-10%)(8 votes)
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