Vipshop Holdings Ltd reports results for the quarter ended September 30 - Earnings Summary

Vipshop Holdings

19/11/2024 14:31

* Vipshop Holdings Ltd  VIPS.N  reported quarterly adjusted
earnings of CNY2.47​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of CNY3.34.  The mean expectation of ten analysts
for the quarter was for earnings of CNY2.27 per share. Wall
Street expected results to range from 65 fen to CNY2.71 per
share.
    * Revenue fell 9.2% to CNY20.68 billion from a year ago;
analysts
expected CNY20.83 billion. 
    * Vipshop Holdings Ltd's reported EPS for the quarter was
CNY1.97​.
    * The company reported quarterly net income of CNY1.05
billion.
    * Vipshop Holdings Ltd shares had fallen by 11.8% this
quarter and
lost 21.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.2%
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 13 "strong buy" or "buy," 13
"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 $15.85 
This summary was machine generated from LSEG data November 19 at
02:31 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
 Sep. 30 2024      2.27           2.47           Beat
 Jun. 30 2024      3.92           3.91           Missed
 Mar. 31 2024      2.80           4.66           Beat
 Dec. 31 2023      5.08           5.79           Beat