On Thursday, November 2nd, Alibaba (BABA) will launch its second quarter earnings outcomes after the bell. The firm is a Zacks Rank three (Hold), and have a Value, Growth, and Momentum rating of D.
Dave will take a look at Alibaba’s previous earnings, check out what’s presently happening with the corporate, and provides us his ideas on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential choices trades for buyers trying to make a play on Alibaba forward of their earnings name.
Alibaba in Focus
Alibaba Group Holding Limited operates on-line and cell marketplaces in retail and wholesale commerce, in addition to cloud computing and different companies. It offers know-how and companies to allow customers, retailers, and different members to conduct commerce in its ecosystem. The Company operates Taobao Marketplace, an internet purchasing vacation spot; Tmall, a third-party platform for manufacturers and retailers; Juhuasuan, a gaggle shopping for market; Alibaba.com, an internet business-to-business market; 1688.com, an internet wholesale market; and AliExpress, a client market. Alibaba Group Holding Limited is headquartered in Hangzhou, the People’s Republic of China.
Alibaba is predicted to report earnings at $1.04 per share in line with the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 25.81%. They reported earnings at $1.17 per share, beating their estimate of $zero.93. They have a median earnings shock of 12.16% during the last four quarters.
Alibaba Group Holding Limited Price, Consensus and EPS Surprise
Alibaba Group Holding Limited Price, Consensus and EPS Surprise | Alibaba Group Holding Limited Quote
How ought to buyers play United States Steel forward of their earnings report? For insights on the most effective choices trades, then tune in at 10:00 am CST at present to see David’s ideas.
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Alibaba Group Holding Limited (BABA): Free Stock Analysis Report
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