Alibaba (BABA) stock closed down 0.61%, with analysts forecasting decreased EPS and increased revenue

From Nasdaq: 2024-08-05 17:45:13

Alibaba (BABA) closed at $76.98, moving -0.61% from the previous session, narrower than the S&P 500’s 3% loss. Analysts forecast an EPS of $2.24, down 6.67% YoY, with revenue projected at $34.95 billion, an 8.22% increase. The Zacks Rank system gives Alibaba a rating of #4 (Sell) with a forward P/E of 9.45.

The Internet – Commerce industry has a PEG ratio of 0.99, while Alibaba’s PEG ratio stands at 0.41, indicating a discount. The industry has a Zacks Industry Rank of 64, in the top 26% of industries. The Zacks Rank system correlates estimate changes with stock prices, providing actionable insights for investors.

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Read more at Nasdaq: Alibaba (BABA) Stock Moves -0.61%: What You Should Know