From Nasdaq: 2024-07-30 17:45:20

Alibaba (BABA) closed at $78, down 0.79% from the previous session, underperforming the S&P 500. Analysts predict an EPS of $2.24 and revenue of $34.95 billion in the upcoming earnings report. The Zacks Rank of #4 (Sell) reflects recent EPS estimate reductions. The stock trades at a discount with a Forward P/E of 9.59.

Alibaba’s PEG ratio of 0.41 indicates strong potential for growth compared to industry averages. The Retail-Wholesale sector, which includes Internet-Commerce, has a Zacks Industry Rank of 61, better than 75% of industries. Use Zacks.com to track these metrics. A special Zacks report highlights 5 potential high-performing stocks.

Investors can expect market-moving news following Alibaba’s earnings report. The Zacks Rank system and analyst adjustments are key indicators. Stay informed about price movements and industry data with Zacks Investment Research’s insights. Download complimentary reports for stock recommendations. Follow the link for more details from Zacks.com.



Read more at Nasdaq: Here’s Why Alibaba (BABA) Fell More Than Broader Market