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

Vipshop Holdings

20/08/2024 14:31

* Vipshop Holdings Ltd  VIPS.N  reported quarterly adjusted
earnings of CNY3.91​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $4.30.  The mean expectation of nine analysts for the
quarter was for earnings of CNY3.92 per share. Wall Street
expected results to range from CNY3.13  to CNY4.28 per share.
    * Revenue fell 3.6% to CNY26.88 billion from a year ago;
analysts
expected CNY26.59 billion. 
    * Vipshop Holdings Ltd's reported EPS for the quarter was
$3.49​.
    * The company reported quarterly net income of CNY1.93
billion.
    * Vipshop Holdings Ltd shares had risen by 7.7% this
quarter and
lost 21.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8% 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 17 "strong buy" or "buy," 8
"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 $18.20 
This summary was machine generated from LSEG data August 20 at
01:31 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
 Jun. 30 2024      3.92           3.91           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