Alibaba Group Holding Ltd. (NYSE:BABA)
Alibaba will report second quarter fiscal 2017 results tomorrow, Wednesday November 2, 2016 prior to the market open. The consensus on the street is for earnings per share of $.70 on revenues of $5.13 billion. Can BABA beat by as wide of a margin on its last report?
BABA Analyst Opinion
Analysts at Stifel had the following comments on BABA going into the report.
Alibaba Group Holding Limited (BABA-Buy/ $125 TP) Devitt – BABA F2Q:17 Earnings Preview (11/02 AMC): Bottom line – Alibaba is scheduled to report F2Q:17 earnings before the market opens on Wednesday, November 2nd. Our revenue and adj. EBITDA estimates are slightly above consensus. We expect continued strength in the core commerce and cloud businesses to drive top-line growth and narrowing losses in the digital media business to partially offset some margin contraction from ongoing investments.
Since GMV will not be provided on a quarterly basis investors will be particularly focused on customer engagement and user monetization in the core commerce platform. We will also listen for additional commentary on managements outlook for Singles Day, international expansion efforts, Youku/Lazada revenue contributions, the cloud segments path to profitability, and other key growth initiatives/investments. We continue to support managements long-term vision and believe that current investments will strengthen Alibabas position in both the global eCommerce and digital media ecosystems.
About Alibaba Group Holding Ltd
Alibaba Group Holding Limited, incorporated on June 28, 1999, is a holding company. The Company is principally engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (the PRC or China) and internationally. It operates through the provision of online and mobile commerce and related services segment. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally.
Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace (1688.com) and the online business-to-business marketplace that focuses on global trade among businesses from around the world (Alibaba.com).