The company operates through seven segments including China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. The initial public offering was the largest ever offering at the time, with the company’s market cap reaching $231 billion. Stocks dipped modestly following a report indicating a marginal downward revision in the U.S. economic growth rate for the last quarter of the year. On the other hand, the good news is that CIG as a whole has been something of a money sink for Alibaba.
The company also aids other businesses with a vast array of digital and logistical solutions with a reach that spans the globe. The consensus earnings estimate of $8.86 for the current fiscal year indicates a year-over-year change of +11.6%. For the next fiscal year, the consensus earnings estimate of $8.84 indicates a change of -0.3% from what Alibaba is expected fbs broker review to report a year ago. Alibaba on Nov. 16 reported an 18% rise in quarterly profit, with revenue up 6% to $30.8 billion. BABA also declared an annual cash dividend for fiscal year 2023 of $1 per ADS. But sellers hit the stock after BABA said it’s walking away from plans to spin off its cloud unit in light of recently-expanded U.S. chip restrictions.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. A stock’s relative strength line, found in daily and weekly charts at Investors.com, compares the stock’s daily price performance to the S&P 500.
Alibaba International Records Solid Growth Led By AliExpress
The top-line growth halted four straight quarters of revenue declines. Sentiment was positive in Chinese stocks again Tuesday after China’s securities and regulatory commission said it would “guide institutional investors…..to enter Chinese stock markets with greater efforts.” Alibaba reported revenues of $36.67 billion in the last reported quarter, representing a year-over-year change of +2.1%. For the current quarter, Alibaba is expected to post earnings of $1.56 per share, indicating no change from the year-ago quarter. The Zacks Consensus Estimate has changed -5.6% over the last 30 days.
Alibaba Group’s stock was trading at $77.51 at the start of the year. Since then, BABA stock has decreased by 3.7% and is now trading at $74.62. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies. It’s not immediately clear whether Alibaba might get some tax benefits out of this, as might be the case for a U.S. company, for example, making a charitable donation of equipment to a public university.
Alibaba Group (BABA) Earnings Date, Estimates & Call Transcripts
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Alibaba stock has started to climb off lows and is trying to break out of a downtrend with BABA back above its 50-day line.. With sellers dictating the action since early August, Alibaba stock is not a buy. But a move above the 20o-day line, my fx choice currently around 84, would be enough to break BABA stock out of its latest downtrend. But annual return on equity of 14% helps give Alibaba a respectable SMR Rating (sales + margins + return on equity) of B from IBD Stock Checkup (on an A-to-E scale with A tops). The company has a five-year annualized earnings growth rate of 8%, although fundamentals have weakened considerably in recent quarters.
- Alibaba stock has started to climb off lows and is trying to break out of a downtrend with BABA back above its 50-day line..
- NEW YORK , Feb. 29, 2024 /PRNewswire/ — Alibaba.com , a leading platform for global business-to-business (B2B) e-commerce and part of Alibaba International Digital Commerce Group, today released new …
- An upward-sloping RS line means the stock is outperforming the S&P 500.
- Alibaba also supports the infrastructure of the Internet with a range of products and services that include computing, storage, network, security, database, big data, and IoT connectivity.
- HUNTSVILLE, Ala.–(BUSINESS WIRE)– #5G–Adtran today announced its readiness to support the Broadband Equity Access and Deployment (BEAD) program, welcoming the clarity and guidance provided by the B…
Alibaba Chairman Joe Tsai said the company is investing in technology to better cater to consumers as the Chinese tech giant faces more competition, particularly in pricing. Jiong Shao, China tech analyst at Barclays, says Alibaba investors are “looking for more,” and discusses two ideas he has for the company, one of which he says is “easier” and the other “very difficul… Amidst multiple years of market losses in China, geopolitical tensions, and a prolonged property crisis, some U.S. asset managers remain undeterred, seeing potential in Chinese stocks.
It’s almost impossible for a company to grow its earnings without growing its revenue for long periods. Enter your email address below to receive the latest news and analysts’ ratings for Alibaba Group and its competitors with MarketBeat’s FREE daily newsletter. Shanghai stocks advanced on Monday but posted relatively modest gains as Chinese investors returned from the Lunar New Year holiday. Alibaba-owned e-commerce platform Daraz Group has announced velocity trade layoffs across the group to “adopt a more streamlined and agile structure”, acting Chief Executive Officer James Dong said on Tuesday in an … NEW YORK , Feb. 29, 2024 /PRNewswire/ — Alibaba.com , a leading platform for global business-to-business (B2B) e-commerce and part of Alibaba International Digital Commerce Group, today released new … Create a free account to gain access to news, analysis, and real-time alerts on the stocks you follow.
Key Earnings Data
Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Sign-up to receive the latest news and ratings for Alibaba Group and its competitors with MarketBeat’s FREE daily newsletter. The principal purpose of Alibaba Group Holding Limited is to open the Chinese market and connect it to the world.
It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Overhead supply issues are still a concern for Alibaba stock with the stock more than 30% off its high. In early November 2020, Chinese authorities suspended the $34.5 billion Ant Group IPO in Shanghai and Hong Kong. The decision to suspend the IPO came after Shanghai exchange officials said the exchange would halt the listing due to the company’s inability to fulfill conditions amid changes in the regulatory environment. Alibaba came under selling pressure on Sept. 11 after outgoing CEO Daniel Zhang unexpectedly stepped down as head of the company’ cloud business. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Taobao China Software to sell Suning.Com stake to Alibaba affiliate
One bright spot in Alibaba’s quarterly earnings was its international e-commerce arm which posted revenue of 28.5 billion Chinese yuan, up 44% from a year ago. Alibaba Chairman Joe Tsai says organizational structure and non-core asset sales are key to the company’s restructuring efforts as the tech giant focuses on e-commerce and cloud computing. SINGAPORE , Feb. 29, 2024 /PRNewswire/ — AliExpress, an international online retail marketplace under Alibaba International Digital Commerce Group, is celebrating the first anniversary of its Choice …
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.18% per year. These returns cover a period from January 1, 1988 through January 1, 2024.
China’s Alibaba Cloud said on Thursday it will cut prices on its cloud service products by an average of 20% in its second large-scale price adjustment programme in recent years. Alibaba Group will cut cloud product prices in China to boost a promising division whose sales have slowed in recent quarters amid rising competition. The scores are based on the trading styles of Value, Growth, and Momentum.
16 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Alibaba Group in the last year. The consensus among Wall Street research analysts is that investors should “moderate buy” BABA shares. Alibaba also supports the infrastructure of the Internet with a range of products and services that include computing, storage, network, security, database, big data, and IoT connectivity.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Even though a company’s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues.