Alibaba Group Holding Earnings Preview
Portfolio Pulse from Benzinga Insights
Alibaba Group Holding (NYSE:BABA) is scheduled to release its quarterly earnings report on Thursday, 2023-11-16. Analysts predict an EPS of $2.12. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, BABA's stock price has dropped following earnings beats due to guidance. Shares are currently at $83.87, with a 3.61% increase over the last 52 weeks.
November 15, 2023 | 6:00 pm
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Alibaba Group Holding is expected to report an EPS of $2.12 for the upcoming earnings, with investors focusing on earnings beat and future guidance. Stock performance has been positive over the last year with a 3.61% increase.
While an earnings beat is anticipated, Alibaba's stock has historically dropped after earnings reports, regardless of performance, due to the market's focus on guidance. The positive annual trend suggests a stable investor sentiment, but the historical price drops post-earnings create uncertainty for the short-term impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100