Vipshop Holdings Ltd reports results for the quarter ended in January - Earnings Summary

Vipshop Holdings

23/05/2024 14:48

* Vipshop Holdings Ltd  VIPS.N  reported quarterly adjusted
earnings of CNY4.66​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of CNY3.52.  The mean expectation of
nine analysts for the quarter was for earnings of $2.80 per
share. Wall Street expected results to range from CNY-6.73
to CNY4.41 per share.
    * Revenue rose 0.4% to CNY27.65 billion from a year ago;
analysts
expected CNY27.92 billion. 
    * Vipshop Holdings Ltd's reported EPS for the quarter was
CNY4.18​.
    * The company reported quarterly net income of $2.32
billion.
    * Vipshop Holdings Ltd shares had fallen by 0.2% this
quarter and
lost 7.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 274.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Vipshop Holdings
Ltd is $20.00 
This summary was machine generated from LSEG data May 23 at
01:48 p.m. UTC. ​All figures in Chinese yuan renminbi unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      2.80           4.66           Beat
 Dec. 31 2023      5.08           5.79           Beat
 Sep. 30 2023      2.86           3.34           Beat
 Jun. 30 2023      3.20           4.30           Beat