🔥Stock Prediction: How will Alibaba close on 23/2 following it's earnings?
Click to vote. Can you predict where $Alibaba(BABA)$ will move following its earnings? If you get the right answers, you can get 10 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.
$Alibaba(BABA)$ will post its quarterly earnings results before the market opens on Thursday, February 23rd. The company’s revenue and earnings are expected to decline in the to-be-reported quarter. $Alibaba(BABA)$ ’s Q4 2022 earnings call will be held on Thursday, February 23rd . To set a reminder, please click here
💡Earning Highlight
According to the street‘ analysis, the regional lockdowns due to China’s strict COVID-19 policy might have hurt fiscal Q3 results to some extent.The company’s revenue and earnings are expected to decline in the to-be-reported quarter.
As per data provided by the National Bureau of Statistics of China, total retail sales declined 1.8% year-over-year in December. This marked the third straight month of a fall in sales. Similarly, for the full year 2022, the figure fell by a modest 0.2%. Thus, Alibaba’s top-line growth is expected to be muted.
Nevertheless, strong domestic demand for its cloud business is expected to provide some support to Alibaba’s fiscal Q3 performance. Further, the company’s focus on diversifying its non-Internet business seems to be paying off. The unit witnessed solid growth in the last quarter, with the trend expected to have continued in the to-be-reported quarter as well.
📒Earnings Consensus
According to Bloomberg's consensus forecast, Alibaba's revenue in the fourth quarter of 2022 will be 245.8 billion RMB, adjusted net profit will be 44.4 billion.
💰Activity Details
- Click to vote. Guess where $Alibaba(BABA)$ will move following their earnings? If you get correct answers, you can get 10 Tiger Coins.
- Reply and forward this post, share your insights about $Alibaba(BABA)$ financial reports, we will give 100 Tiger Coins with outstanding comments.
⏰Event Time
The deadline for this event is 21:00 on February 23 2023
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How will Alibaba close on 23/2 following it's earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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