In the latest trading session, Alibaba (BABA) closed at $83.69, marking a -0.94% move from the previous day. This change lagged the S&P 500's 0.16% gain on the day. Elsewhere, the Dow gained 0.25%, while the tech-heavy Nasdaq lost 0.06%.
The the stock of online retailer has fallen by 5.96% in the past month, lagging the Retail-Wholesale sector's loss of 4.84% and the S&P 500's loss of 2.8%.
When you spot a great trading opportunity, but don't have the funds ready. You can use contra trading limit to buy the stock immediately without upfront cash. Don't miss out on opportunities. It allows you to trade now and settle later with the Tiger Trade Cash Boost Account. Enjoy up to 7 days interest-free with a $20K credit limit. Plus, trade commission-free for up to 6 months. Good for short-term trading. Check it out for more details on Tiger Trade.
Analysts and investors alike will be keeping a close eye on the performance of Alibaba in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.03, signifying a 13.48% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $38.54 billion, indicating a 5.09% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $9.30 per share and a revenue of $138.26 billion, demonstrating changes of +7.89% and +5.95%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Alibaba. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Investors should also note Alibaba's current valuation metrics, including its Forward P/E ratio of 9.08. This expresses a discount compared to the average Forward P/E of 21.6 of its industry.
Investors should also note that BABA has a PEG ratio of 0.38 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 1.2.
Comments