The multinational conglomerate will be reporting its earnings for the previous quarter this Wednesday before the market open. The consensus is for the new EPS to be $0.75, which would measure a sizable increase from its performance during the same period last year when the company reported a $0.54 earnings per share.
However, Alibaba Group Holding also reported EPS of $1.39 on the 30th of January of 2019, which would mean that if the initial forecasts are realized, then the company would register better performance than last year, but a reduction in its revenue since the previous quarter.
Overall, Alibaba managed to exceed the initial market expectations after the last report with 2 per cent, and as a result of that the price spiked with 6.34% during the day’s trading session, hence an increased market volatility can be expected again to occur on Wednesday and Alibaba’s shares are most likely to open with a gap.
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