Alibaba Stock Rises on Earnings Optimism Despite Recent Underperformance
• Alibaba (BABA) stock closed up 1.78% on the day, outperforming the broader market
• BABA stock is down 4.21% over the past month, trailing its sector and the S&P 500
• Analysts expect BABA to report $1.56 EPS on $31.19B revenue in next earnings, indicating stability and 2.89% growth
• Positive estimate revisions reflect analysts' confidence in near-term business trends and stock performance
• BABA has a Zacks Rank #2 (Buy) and trades at a Forward P/E of 8.11, indicating a discount vs. its industry average