Finance

Alibaba fiscal 4Q earnings beat Street, driven by steady ecommerce, cloud computing

Alibaba fiscal 4Q earnings beat Street, driven by steady ecommerce, cloud computing

The specialty retailer reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.42 by ($0.08). The firm is scheduled to issue its next earnings report before the market opens on Friday, May 4th.

Revenue was 61.9 billion yuan ($9.73 billion) in the reported quarter, compared with the average analyst estimate of 58.9 billion yuan, according to Thomson Reuters I/B/E/S.

Alibaba's 33% stake in mobile payments company Ant Financial is also underestimated by the Street and should be priced into the stock, wrote the widely followed short seller. Alibaba Group makes up 1.3% of Johanson Financial Advisors Inc.'s investment portfolio, making the stock its 22nd largest holding. The high and low revenue estimates for the current quarter are $90.3 Billion and $75.64 Billion, respectively. This effort drove Alibaba's core e-commerce business to rise an impressive 62 percent in the fourth quarter, to 51.3 billion yuan, or $8.2 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. Comparatively, Alibaba Group Holding Limited posted earnings of $8.19 per share in the same quarter a year ago. (NYSE:BABA) has 22 ratings reports on 4 May 2018 according to StockzIntelligence. Finally, Barclays set a $220.00 price target on shares of Alibaba Group and gave the stock a "buy" rating in a research note on Thursday, April 5th.




Alibaba's ADSs traded up around 2% in Friday's premarket session, at $186.12 in a 52-week range of $114.00 to $206.20. A frequently used tool among technical stock analysts is the moving average. KeyCorp increased their price objective on shares of Alibaba Group from $210.00 to $230.00 and gave the stock an "overweight" rating in a research report on Friday, January 26th.

Alibaba Group Holding Limited is maintained at an average outperform rating by 46 stock analysts, and there are at least 15.85% of shares outstanding that are now legally short sold.

Alibaba Group Holding Limited (BABA) has the market capitalization of $446.52 Billion. On Friday, October 27 the stock rating was maintained by Robert W. Baird with "Buy". About 1.49M shares traded or 2.42% up from the average. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.29. (NYSEAMERICAN:DPW) to report $-0.08 EPS on May, 16.They anticipate $0.02 EPS change or 20.00% from last quarter's $-0.1 EPS. The firm has a market capitalization of $464,721.41, a P/E ratio of 72.69, a PEG ratio of 1.12 and a beta of 2.52. "We will continue to invest our operating free cash flow to generate long-term sustainable profit growth", the company said in its release. Finally, Broadleaf Partners LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth $4,686,000. The stock increased 1.09% or $1.95 during the last trading session, reaching $181.45. Barings LLC lifted its holdings in shares of Alibaba Group by 7,117.7% during the 4th quarter. The stock closing price is now trading downward to its 50 day moving average with change of -0.80%, escalated to its 20 day moving average with figure of 3.48% and above its 200 day moving average with value 2.12%. The Mogy Joel R Investment Counsel Inc holds 11,095 shares with $1.91M value, up from 7,385 last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Alibaba Group by 3.7% in the fourth quarter.


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