$0.17 Earnings Per Share Expected for Vipshop Holdings Ltd – (NYSE:VIPS) This Quarter

Equities analysts expect Vipshop Holdings Ltd – (NYSE:VIPS) to post earnings of $0.17 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Vipshop’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.16. Vipshop reported earnings per share of $0.11 during the same quarter last year, which suggests a positive year over year growth rate of 54.5%. The business is expected to report its next earnings results on Wednesday, November 13th.

On average, analysts expect that Vipshop will report full-year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.77 to $0.87. For the next year, analysts forecast that the business will post earnings of $1.00 per share, with EPS estimates ranging from $0.87 to $1.12. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Vipshop.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, August 14th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $1.46. The business had revenue of $21.72 billion during the quarter, compared to the consensus estimate of $21.60 billion. Vipshop had a return on equity of 14.63% and a net margin of 2.97%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share.

VIPS has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Vipshop from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $6.50 to $11.00 in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Vipshop from a “hold” rating to a “strong-buy” rating and set a $9.50 target price for the company in a research report on Wednesday. Credit Suisse Group upgraded Vipshop from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 15th. Citigroup upgraded Vipshop from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 28th. Finally, CICC Research upgraded Vipshop from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Vipshop has an average rating of “Buy” and a consensus price target of $8.60.

Shares of NYSE VIPS traded down $0.16 during midday trading on Friday, hitting $7.86. 7,311,734 shares of the company’s stock were exchanged, compared to its average volume of 7,713,616. The stock’s 50 day moving average price is $7.60 and its 200-day moving average price is $7.76. The firm has a market cap of $5.67 billion, a P/E ratio of 18.28 and a beta of 1.93. Vipshop has a twelve month low of $4.30 and a twelve month high of $9.26.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wetherby Asset Management Inc. increased its holdings in shares of Vipshop by 8.0% in the first quarter. Wetherby Asset Management Inc. now owns 16,268 shares of the technology company’s stock valued at $131,000 after buying an additional 1,206 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Vipshop by 9.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 19,100 shares of the technology company’s stock valued at $165,000 after buying an additional 1,700 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Vipshop by 1.7% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 202,900 shares of the technology company’s stock valued at $1,629,000 after buying an additional 3,300 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Vipshop in the second quarter valued at $34,000. Finally, Altshuler Shaham Ltd bought a new position in shares of Vipshop in the second quarter valued at $123,000. Hedge funds and other institutional investors own 44.60% of the company’s stock.

About Vipshop

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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