Can Vipshop Holdings (VIPS) Pull A Surprise In Q2 Earnings?
Zacks Investment Research | Aug 11, 2017 07:40AM ET
Vipshop Holdings Limited (NYSE:VIPS) is slated to report second-quarter 2017 results on Aug 16, after the closing bell. This online discount retailer’s earnings have missed the Zacks Consensus Estimate in two out of the trailing four-quarters. This translates to an average negative surprise of 0.41%.
Let’s delve deeper on how things are shaping up for this announcement.
Which Way are Estimates Treading?
A look into estimate revisions give us an idea of what analysts are thinking about the company right before earnings release. The Zacks Consensus Estimate for the second quarter as well as for fiscal 2017 has declined by a penny to 14 cents and 66 cents respectively, over the past 30 days. Further, analysts polled by Zacks expect revenues of $2.49 billion for the said quarter and $10.4 billion for 2017.
What Does the Zacks Model Unveil?
Our proven model does not show that Vipshop is likely to beat estimates this quarter. This is because a stock needs to have both a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Zacks Investment Research
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