Alibaba Stock Outperforms Market as Earnings Release Nears
• Alibaba (BABA) stock rose 0.35% on latest trading day, outpacing the S&P 500's 0.28% decline • BABA stock is up 3.15% over the past month, less than the Retail-Wholesale sector's 6.15% gain • Alibaba's upcoming earnings release expected to show EPS of $2.83, up 1.43%, and revenue of $37.83 billion, up 5.32% • For full year, consensus estimates call for earnings of $9.12 per share, revenue of $133.01 billion, up 14.86% and 5.52% respectively • Alibaba has a Zacks Rank of #3 (Hold) and trades at a Forward P/E of 8.47, a discount to industry average of 20.56