Vipshop (VIPS) Scheduled to Post Earnings on Tuesday

Vipshop (NYSE:VIPS) is scheduled to 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.Investors that are interested in participating in the company’s conference call can do so using this link.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. During the same quarter last year, the business posted $0.51 EPS. Vipshop’s revenue was down 4.1% on a year-over-year basis. On average, analysts expect Vipshop to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vipshop Trading Down 0.2 %

VIPS stock opened at $13.93 on Friday. The firm has a 50-day moving average of $14.60 and a two-hundred day moving average of $14.47. The firm has a market capitalization of $7.56 billion, a PE ratio of 6.60, a P/E/G ratio of 1.57 and a beta of 0.34. Vipshop has a one year low of $11.50 and a one year high of $20.19.

Wall Street Analyst Weigh In

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

Vipshop Company Profile

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.