Alibaba Group Holding (BABA) : Earnings Whisper

Alibaba Group Holding Limited (BABA) is expected to report first quarter 2016 earnings tomorrow before the open. The Street has consensus estimates of $0.58 in earnings per share, versus $0.49 last year, and $3.38 billion in revenue. EarningsWhisper.com reports a whisper number of $0.61 per share.

As a quick reminder, Alibaba Group reported 4Q/15 EPS of $0.48, $0.05 better than the Street’s consensus estimate of $0.43. Revs came in at $2.81 billion versus the $2.78 billion consensus.

Alibaba Group Holding, currently valued at $196.17 billion, has a median Wall Street price target of $106.00 with a high target of $137.00. In the past 52 weeks, shares of Hangzhou, China-based e-commerce giant have traded between a low of $76.21 and a high of $120 with the 50-day MA and 200-day MA located at $81.43 and $85.22 levels, respectively. Additionally, shares of BABA trade at a P/E ratio of 0.99 and have a Relative Strength Index (RSI) and MACD indicator of 39.12 and -0.49, respectively.

BABA shares have lost 22.58% of their value since the beginning of the year.

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