Key takeaways
- Alibaba will release results on the 14th of May 2024
- Revenue is expected slightly higher than in the prior year’s comparative period
- Earnings per share are expected lower than in the prior year’s comparative period
- The long term consensus of analyst ratings on the stock is a buy
- In the near term we have see the stock price breaking range resistance
When are the Alibaba results expected?
Alibaba, is set to release fourth quarter (end March) results for the fiscal year 2024 on the 14th of May 2024.
What is ‘The Street’s’ expectations for the Q4 results?
‘The Street’ expectations for the upcoming results are as follows:
- Revenue of $30.48 billion in Q4 2024 (vs Q4 2023 revenue of $30.32 billion)
- Earnings per share $1.42 (vs EPS of $1.46 in Q4 2023)
While revenue for the quarter is expected to increase marginally year on year, earning’s margins are likely to be negatively affected by the groups low pricing initiatives aimed at supporting increased volumes amidst a growing competition in the e-commerce space.
