Alibaba's Q1 earnings estimates show mixed results, with potential macroeconomic challenges impacting near-term prospects.
From Nasdaq: 2024-08-12 12:02:00
Alibaba Group Holding Limited (BABA) is set to release its first-quarter fiscal 2025 results on Aug 15. The Zacks Consensus Estimate for revenues is $34.95 billion, up 8.2% from the prior year. Earnings estimate is $2.20 per share, down 8.3%. Alibaba has a history of mixed earnings surprises. Factors driving growth include AI integration and strong international commerce business performance. The company’s cloud segment is also expected to sustain momentum, despite facing tough competition in the global cloud market. However, macroeconomic challenges and geopolitical tensions could impact Alibaba’s near-term prospects. Considering these factors, selling BABA stock may be a prudent move.
Read more at Nasdaq: Alibaba’s (BABA) Q1 Earnings Coming Up: Should You Hold or Sell?