Posted 1/30/2024, 10:45:17 PM
Alibaba Stock Slides Despite Flat Broader Market; Lagging S&P 500 Over Past Month
- Alibaba (BABA) stock fell 1.71% despite the S&P 500 only falling 0.06%
- BABA has lagged the market over the past month, down 5.07% vs the S&P 500's 3.36% gain
- BABA is expected to report EPS of $2.73 on revenue of $37.21 billion in its next earnings release on February 7, 2024
- Full year 2024 projections are for EPS of $8.86 on revenue of $132.6 billion, representing +11.59% and +5.2% growth
- BABA currently has a Forward P/E of 8.31, which is a discount to the industry average of 19.03