Alibaba Group Holding Earnings Preview
Portfolio Pulse from Benzinga Insights
Alibaba Group Holding (NYSE:BABA) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $2.73. The focus will be on whether Alibaba beats this estimate and provides positive guidance for the next quarter. Historically, Alibaba's share price has reacted negatively to past earnings reports, despite beating EPS estimates. Shares are currently trading at $74.63, down 26.1% over the last year, indicating investor concern ahead of the earnings release.
February 06, 2024 | 7:00 pm
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Alibaba Group Holding is expected to report an EPS of $2.73 for the upcoming quarter. Historical data shows negative stock price reactions post-earnings, despite beating estimates. Shares have declined 26.1% over the past year.
Given Alibaba's history of negative stock price reactions to earnings reports, even when beating EPS estimates, the short-term impact is uncertain. The key will be the company's future guidance, which could sway investor sentiment. However, the significant year-over-year stock decline indicates existing investor concerns that may temper any positive reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100