From Nasdaq: 2024-05-20 09:00:15

Alibaba (BABA) stock has been popular on Zacks.com, with a +28.2% return in the past month. Analysts focus on earnings estimate revisions to predict stock performance, with a current Zacks Rank #5 (Strong Sell) for Alibaba. Revenue growth estimates and valuation metrics also influence investment decisions. It is important to analyze these factors when considering Alibaba’s stock.

Alibaba is projected to post earnings of $2 per share for the current quarter, with a year-over-year change of -16.7%. The consensus earnings estimate for the current fiscal year is $8.26, indicating a change of -4.2%. For the next fiscal year, the estimate is $9.17, showing a +11.1% change. Earnings estimates play a critical role in determining fair value and stock price movement.

The consensus sales estimate for Alibaba’s current quarter is $34.75 billion, with a year-over-year change of +7.6%. Revenues of $30.73 billion were reported in the last quarter, with a surprise of +0.46% compared to estimates. Alibaba’s valuation metrics and revenue growth potential are essential factors to consider when evaluating the stock’s performance.

Zacks experts have identified a potential stock with significant upside, like a chemical company that has shown strong growth and earnings estimates. Retail investors may find opportunities for growth in such undervalued stocks. Understanding factors like company valuation, revenue growth, and historical performance can help investors make informed decisions.



Read more at Nasdaq: Here is What to Know Beyond Why Alibaba Group Holding Limited (BABA) is a Trending Stock