Alibaba Group Holding Ltd reports results for the quarter ended June 30 - Earnings Summary

• Alibaba Group Holding Ltd BABA.N reported quarterly adjusted earnings of CNY14.75​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of CNY16.44. The mean expectation of eighteen analysts for the quarter was for earnings of CNY15.09 per share. Wall Street expected results to range from CNY10.91 to CNY18.66 per share.

• Revenue rose 1.8% to CNY247.65 billion from a year ago; analysts expected CNY252.91 billion.

• Alibaba Group Holding Ltd's reported EPS for the quarter was CNY17.98​.

• The company reported quarterly net income of CNY43.03 billion.

• Alibaba Group Holding Ltd shares had risen by 5.4% this quarter and gained 42.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 38 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Alibaba Group Holding Ltd is $150.00, about 20.3% above its last closing price of $119.57

This summary was machine generated from LSEG data August 29 at 01:31 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)