Vipshop (VIPS) to Release Quarterly Earnings on Tuesday

Vipshop (NYSE:VIPS) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Vipshop has set its Q3 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm had revenue of $25.08 billion during the quarter, compared to analyst estimates of $26.61 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts expect Vipshop to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $13.93 on Friday. The company has a market capitalization of $7.56 billion, a PE ratio of 6.60, a P/E/G ratio of 1.57 and a beta of 0.34. The company’s fifty day moving average is $14.60 and its 200-day moving average is $14.47. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and decreased their price target for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Morgan Stanley dropped their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, Citigroup increased their target price on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.64.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.