From Nasdaq: 2024-05-01 17:45:20

Alibaba (BABA) closed at $75.51, up 0.88% from the previous session, outperforming the S&P 500. The company’s upcoming earnings report on May 14, 2024, is expected to show a 23.08% decline in earnings per share to $1.20, with revenue projected at $30.83 billion, up 1.7% year-over-year.

Investors should pay attention to analyst projections and Alibaba’s Zacks Rank of #5 (Strong Sell). The industry rank of Internet – Commerce at 35 out of 250+ indicates it’s in the top 14%. Valuation-wise, Alibaba’s Forward P/E ratio of 9.03 is a discount compared to the industry’s 19.6.

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