Alibaba (BABA) Gears Up For Q3 Earnings: What's In Store?
Zacks Investment Research | Feb 09, 2020 08:02PM ET
Alibaba Group Holding Limited (NYSE:BABA) is set to report third-quarter fiscal 2020 results on Feb 13. In the last reported quarter, the China e-commerce giant delivered a positive earnings surprise of 18.1%.
The surprise history has been impressive in Alibaba’s case. The company surpassed estimates in all the trailing four quarters, with average positive surprise of 17.6%.
Strength in Core Commerce Business
Given innovation in data technology, widespread application of big data, and increasing validation for Taobao and Tmall portals, its top line is expected to have expanded in the quarter to be reported.
The company has been making continuous efforts to add value to consumers and sellers through the consumer segment, product enrichment, as well as platform innovations. This strategy is expected to have expanded the customer base and strengthened top-line growth.
Alibaba Group Holding Limited Price and EPS Surprise
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