Vipshop (VIPS) to Release Quarterly Earnings on Tuesday

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

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. During the same period last year, the firm earned $0.51 earnings per share. The company’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 Price Performance

Shares of NYSE VIPS opened at $13.93 on Monday. The stock’s 50-day moving average is $14.60 and its two-hundred day moving average is $14.47. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 1.56 and a beta of 0.34. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VIPS shares. Barclays started coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Morgan Stanley reduced their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and dropped their target price for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.64.

About Vipshop

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.