Vipshop (VIPS) to Release Earnings on Tuesday

Vipshop (NYSE:VIPS) will 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.

Vipshop (NYSE:VIPS) last announced its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. The company had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The company’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. 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

VIPS opened at $13.97 on Tuesday. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19. The stock has a market capitalization of $7.58 billion, a PE ratio of 6.62, a P/E/G ratio of 1.57 and a beta of 0.34. The firm’s fifty day moving average price is $14.48 and its 200 day moving average price is $14.51.

Analyst Upgrades and Downgrades

VIPS has been the topic of a number of research reports. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and dropped their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. Citigroup upped their target price on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Finally, Barclays began coverage on Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vipshop currently has a consensus rating of “Hold” and an average target price 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.