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Alibaba (BABA) Stock Moves -1.44%: What You Should Know
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In the latest trading session, Alibaba (BABA - Free Report) closed at $142.77, marking a -1.44% move from the previous day. This change was narrower than the S&P 500's 1.97% loss on the day. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.
Coming into today, shares of the online retailer had gained 2.08% in the past month. In that same time, the Retail-Wholesale sector lost 1.88%, while the S&P 500 lost 3.33%.
Wall Street will be looking for positivity from BABA as it approaches its next earnings report date. This is expected to be February 7, 2019. The company is expected to report EPS of $1.67, up 2.45% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $17.25 billion, up 35.18% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.20 per share and revenue of $55.18 billion, which would represent changes of -0.76% and +43.99%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for BABA. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 11% lower within the past month. BABA currently has a Zacks Rank of #3 (Hold).
In terms of valuation, BABA is currently trading at a Forward P/E ratio of 27.86. Its industry sports an average Forward P/E of 24.86, so we one might conclude that BABA is trading at a premium comparatively.
It is also worth noting that BABA currently has a PEG ratio of 0.89. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Commerce stocks are, on average, holding a PEG ratio of 2.34 based on yesterday's closing prices.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BABA in the coming trading sessions, be sure to utilize Zacks.com.
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Alibaba (BABA) Stock Moves -1.44%: What You Should Know
In the latest trading session, Alibaba (BABA - Free Report) closed at $142.77, marking a -1.44% move from the previous day. This change was narrower than the S&P 500's 1.97% loss on the day. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.
Coming into today, shares of the online retailer had gained 2.08% in the past month. In that same time, the Retail-Wholesale sector lost 1.88%, while the S&P 500 lost 3.33%.
Wall Street will be looking for positivity from BABA as it approaches its next earnings report date. This is expected to be February 7, 2019. The company is expected to report EPS of $1.67, up 2.45% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $17.25 billion, up 35.18% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.20 per share and revenue of $55.18 billion, which would represent changes of -0.76% and +43.99%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for BABA. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 11% lower within the past month. BABA currently has a Zacks Rank of #3 (Hold).
In terms of valuation, BABA is currently trading at a Forward P/E ratio of 27.86. Its industry sports an average Forward P/E of 24.86, so we one might conclude that BABA is trading at a premium comparatively.
It is also worth noting that BABA currently has a PEG ratio of 0.89. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Internet - Commerce stocks are, on average, holding a PEG ratio of 2.34 based on yesterday's closing prices.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BABA in the coming trading sessions, be sure to utilize Zacks.com.