Alibaba Group Holding Ltd reports results for the quarter ended September 30 - Earnings Summary
Alibaba Group Holding Ltd BABA.N reported quarterly adjusted earnings of CNY15.06 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of CNY15.63. The mean expectation of eighteen analysts for the quarter was for earnings of $14.88 per share. Wall Street expected results to range from $11.66 to CNY17.58 per share.
Revenue rose 5.2% to CNY236.50 billion from a year ago; analysts expected CNY238.92 billion.
Alibaba Group Holding Ltd's reported EPS for the quarter was CNY18.17.
The company reported quarterly net income of $43.87 billion.
Alibaba Group Holding Ltd shares had fallen by 14.6% this quarter and gained 17.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.4% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 39 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the online services peer group is also "buy"
Wall Street's median 12-month price target for Alibaba Group Holding Ltd is 120.00
This summary was machine generated from LSEG data November 15 at 02:30 p.m. UTC. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 14.88 | 15.06 | Beat |
Jun. 30 2024 | 15.24 | 16.44 | Beat |
Mar. 31 2024 | 10.21 | 10.14 | Missed |
Dec. 31 2023 | 19.17 | 18.97 | Missed |
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