BABA is expected to report second quarter earnings tomorrow before the open. BABA reported first quarter earnings at 6:45am EST. There is a conference call scheduled for 7:30am.
Capital IQ consensus calls for EPS of $1.03 and Revenue consensus of $7.85 bln (projecting a 30% rise in earnings and 52% increase in revenue)
BABA typically guides during conference call
Key Points from Last Quarter
- Non-GAAP EPS last quarter (1Q17) rose 65% while revenue rose 56% to $7.4 billion, well above estimates.
- Mobile monthly active users grew 4% sequentially to 529 million.
- Co reaffirmed FY18 rev +45-49% vs. +50.5% consensus on conference call
- Aims to achieve $1 trillion in GMV by FY2020.