Alibaba Group Holding Limited has been drawing heavy investor attention on Zacks.com, with its shares down 7.7% over the past month against a 1% gain for the Zacks S&P 500 composite, while the Zacks Internet - Commerce industry lost 6.4% over the same period. For the current quarter, Alibaba is expected to post earnings of $1.49 per share, a change of +144.3% from the year-ago quarter, though the Zacks Consensus Estimate has moved -5.7% over the last 30 days. The consensus earnings estimate of $6.41 for the current fiscal year indicates a year-over-year change of +64.8% and has changed -1.9% over the last 30 days, while the next fiscal year's consensus estimate of $8.78 indicates a change of +37% and has moved -3.9% over the past month. On revenue, the consensus sales estimate of $40.63 billion for the current quarter points to a year-over-year change of +16.7%, with $166.96 billion and $186.29 billion expected for the current and next fiscal years, changes of +14.8% and +11.6% respectively. Alibaba reported revenues of $39.64 billion in the last reported quarter, up 14.7% year over year, with EPS of $1.26 versus $2.06 a year ago; revenue beat the Zacks Consensus Estimate of $38.63 billion by 2.61%, while the EPS surprise was -35.05%. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Alibaba is rated Zacks Rank #4 (Sell), and it carries a Zacks Value Style Score of C, indicating it is trading at par with its peers.
Alibaba Group Holding LtdAlibaba was downgraded to Zacks Rank #4 (Sell) as its consensus earnings estimates slid over the past 30 days.
