What to Expect from Alibaba Earnings this Week

Wall Street stocks had their best day since the start of 2023, helping to ease recent fears about the tech rally. 

BABA – Daily Chart

BABA – Daily Chart 

The price of BABA has met some initial resistance at the $80.91 level on the NYSE. The coming earnings will determine whether the stock can return to the next resistance at $90.51 or retreat to $74. 

The Chinese e-commerce giant is expected to show a net profit of 28.31 billion yuan ($3.95 billion) for the three months to the end of June. That would be lower than a profit of 34.33 billion yuan a year earlier. 

First-quarter revenue is also expected to be higher at 247.5 billion yuan, compared to 234.16 billion yuan a year ago. 

According to Citi analysts, Alibaba’s gross merchandise value is expected to rise well, thanks to slower-than-expected growth at its short-video competitors. Citi expects Alibaba’s merchant revenue growth to be slower than its GMV growth. 

Jefferies analysts said in a research note that the retailer is expected to focus on operating metrics such as traffic, order volume, and GMV growth and will later focus on monetization and profitability. Their estimates say the company’s overall earnings before interest and taxes declined by 9% year-over-year to around 41 billion yuan in the current quarter.

Alibaba is expected to complete its dual primary listing in Hong Kong in mid-August. Analysts see their inclusion in Stock Connect as a potential price catalyst for the stock in September. 

Share buybacks have been strong ahead of earnings, with the company buying 77 million ADRs for $5.8 billion, retiring 3.16% of its stock.

Recent News
Start Trading Now !
Try our demo account for free to learn trading. When you’re ready, switch to a live account and start trading for real.
Popular posts
ATFX

Account Registration Unavailable

Please note that you may be accessing this page from outside Australia. For retail and professional inquiries regarding AT Global Markets (Australia) Pty Ltd, kindly reach out to us at [email protected].

ATFX

🌍 Welcome to ATFX!

To provide you with the best trading experience in Iraq, please visit our localized website:

There, you’ll find all products, services, and contact information tailored specifically for you. Thank you for choosing ATFX!

ATFX

Restrictions on Use

Please note, you may be accessing this page from outside Australia. Products and Services on https://www.atfx.com/en-au/ may not be suitable in your country. The information provided should not be considered as an offer, solicitation, or distribution for any investments.

Restrictions on Use

Products and Services on https://www.atfx.com/en-au/ are not suitable in your country. The information provided should not be considered as an offer, solicitation, or distribution for any investments.

Choose another region to see content specific to your location.

ATFX

Restrictions on Use

Products and Services on this website are not available for Hong Kong investors and not related to any corporation licensed by the Securities and Futures Commission in Hong Kong.

All the information and materials posted on this website should not be regarded as or constitute a distribution, an offer, solicitation to buy or sell any investments.

使用限制:本網站的產品及服務不適用於香港投資者及與任何香港證監會持牌公司無關。

網站內部的信息和素材不應被視為分銷,要約,買入或賣出任何投資產品。

ATFX

Restrictions on Use

AT Global Markets (UK) Limited does not offer trading services to retail clients.
If you are a professional client, please visit https://www.atfxconnect.com/