Alibaba Group Holding Ltd. (NYSE: BABA) is scheduled to release its fiscal first-quarter financial results before the markets open on Tuesday. The consensus estimates from Thomson Reuters call for $1.21 in EPS and $11.8 billion in revenue. In the same period of last year, the Chinese internet giant said it had EPS of $1.15 and $7.29 billion in revenue.
It was announced earlier this month that Starbucks would be linking up with Alibaba to deliver coffee across much of the world’s most populous nation. Starbucks will collaborate across key businesses within the Alibaba ecosystem, including Ele.me, Hema, Tmall, Taobao and Alipay, to elevate the Starbucks Experience for Chinese customers.
Currently, Alibaba runs some of the largest retail marketplaces and leading B2B sites in China and Southeast Asia. It collects revenues mainly from commissions, marketing services, subscription fees, cloud computing and software, as well as other value-added services.
The company has gone beyond e-commerce and developed into a sophisticated new type of conglomerate in the cyber-era with e-commerce as the base for the rest of the four businesses: logistics, finance, data-computing and cross-border infrastructure.
Overall, Alibaba has underperformed the broad markets, with its stock up only 5% in the past 52 weeks. In just 2018 alone, the stock is up just 3%.
A few analysts weighed in on Alibaba ahead of the report:
- Raymond James has a Strong Buy rating and a $280 price target.
- Susquehanna has a Positive rating with a $305 price target.
- KeyCorp has a Buy rating with a $235 price target.
- Argus has a Buy rating with a $275 target.
- Wells Fargo has a Buy rating.
- BNP Paribus also has a Buy rating.
Shares of Alibaba were last seen trading at $177.72, with a consensus analyst price target of $237.64 and a 52-week range of $164.25 to $211.70.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
