Alibaba (BABA) Beats Stock Market Upswing: What Investors Need to Know
From “NASDAQ”:
Alibaba’s (BABA) stock closed at $75.20, up 1.59% from the previous day, outperforming the S&P 500. The online retailer’s stock has seen a 2.41% drop in the past month, falling short of the Retail-Wholesale sector’s gain of 0.71% and the S&P 500’s gain of 2.4%.
Analysts expect Alibaba to post earnings of $2.73 per share in its upcoming report, a year-over-year decline of 2.15%. Revenue is expected to be $37.68 billion, showing a 4.89% increase from the year-ago quarter. The Zacks Consensus Estimates project a full-year earnings of $8.86 per share and a revenue of $132.68 billion.
As a part of the Retail-Wholesale sector, Alibaba is currently trading at a Forward P/E ratio of 8.36, a discount compared to the industry’s average of 19.59. The Internet-Commerce industry currently bears a Zacks Industry Rank of 114, placing it in the top 46% of all 250+ industries.
Alibaba is currently listed as a Zacks Rank of #5 (Strong Sell). For more stock-moving metrics, look out for additional information from Zacks.com during the upcoming trading sessions.
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