From Nasdaq:

According to Zacks.com, Alibaba has attracted a lot of investor interest. The stock has returned -3% in the past month, compared to +2.9% for the Zacks S&P 500 composite.The Zacks Internet – Commerce industry, which Alibaba falls into, has gained 1.2%. What does this mean for the future of the stock?

Adjustments to a company’s earnings estimates are predictive of future stock performances. This is why we closely analyze the change in a company’s earnings projection. Alibaba is expected to report earnings of $2.73 per share for the current quarter. The projection for the current and next fiscal year is $132.6 billion and $142.76 billion.

Alibaba’s earnings trend and recent market performance have resulted in a Zacks Rank of #3 (Hold). Its projected revenue growth for the current quarter is $37.21 billion, and the estimations for the current and next fiscal years are $132.6 billion and $142.76 billion.

Alibaba reported revenues of $30.81 billion in the last quarter, representing a 5.8% increase. These numbers give a sense of the company’s proficiencies. The Zacks Value Style Score grades Alibaba A, indicating that it is trading at a discount. It appears to be a good consideration in this regard. There are other valuable metric factors to consider when making an investment decision.

In conclusion, the facts discussed here and much other information on Zacks.com could help in making a well-informed decision about whether Alibaba is a worthwhile investment. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.



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