What's In Store For Vipshop Holdings (VIPS) In Q3 Earnings?
Zacks Investment Research | Nov 10, 2019 08:31PM ET
Vipshop Holdings Limited (NYSE:VIPS) is set to report third-quarter 2019 results on Nov 13.
For the quarter, the company expects revenues between RMB 17.8 billion and RMB 18.7 billion, indicating year-over-year growth between 0% and 5%.
The Zacks Consensus Estimate for revenues currently stands at $2.65 billion, which indicates growth of 2.2% from the year-ago quarter’s reported figure.
The consensus mark for earnings has remained unchanged at 18 cents over the past 30 days, implying an increase of 63.6% from the figure reported in the year-ago quarter.
Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average positive surprise being 11.2%.
In last reported quarter, Vipshop reported adjusted earnings of 23 cents per share that beat the Zacks Consensus Estimate by 43.8%.
Revenues increased 9.7% year over year to RMB22.7 billion from RMB20.7 billion in the last reported quarter.
Let’s see how things have shaped up prior to this announcement.
Vipshop Holdings Limited Price and EPS Surprise
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