Alibaba Group expected to post earnings of CNY12.43/share

Biejing: Alibaba Group Holding Ltd is expected to show a rise in quarterly revenue when it reports results on November 3 (estimated). The Hangzhou, Zhejiang-based company is expected to report a 32.2% increase in revenue to CNY204.975 billion from CNY155.06 billion a year ago, according to the mean estimate from 26 analysts, based on Refinitiv data.

Refinitiv's mean analyst estimate for Alibaba Group Holding Ltd is for earnings of CNY12.43 per share. For the same quarter last year, the company reported earnings of CNY17.97 per share.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 44 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."

The mean earnings estimate of analysts was unchanged in the last three months. Wall Street's median 12-month price target for Alibaba Group Holding Ltd is $241.1?, about 31.6% above its last closing price of $164.94.