Does Alibaba's Stellar Quarter Bode Well For Other Chinese Internet Stocks?

Alibaba Group Holding LtdBABA
set the ball rolling on Chinese internet earnings in some style. The Jack Ma-founded company reported forecast-beating results for its third quarter, which encompasses the
Singles' Day
, its annual shopping bonanza.

Alibaba's earnings for the third quarter were 9.02 yuan per share, exceeding estimates of most analysts. Revenues rose 55 percent year-over-year to 53.2 billion yuan, handily beating estimates. More importantly, the company raised its revenue growth guidance for fiscal year 2017 to 53 percent from 48 percent.

Among the segments, Alibaba's core e-commerce business reported 45 percent year-over-year revenue growth to 46.58 billion yuan. Cloud computing revenues more than doubled to 1.77 billion yuan and the digital media and entertainment revenue rose a staggering 4.06 billion yuan. Among key metrics, annual active buyers rose 9 percent to 443 million and mobile monthly active users were up 25 percent to 493 billion yuan. Paying customers for its Cloud Computing business surged up 100 percent to 765,000, earmarking it as a growth opportunity.

Impressed by the results, investors went gaga over the stock, sending it up by 3.07 percent to near a three-month high of $101.43.

Does Alibaba's earnings bode well for other Chinese internet stocks? The coming days will have answer for this question. Here is a list of the other Chinese Internet earnings investors can keep an eye on: Though the companies have not confirmed the earnings dates, Benzinga has compiled the dates from Zacks Investment Research's database, which uses an algorithm based on a company's historical reporting dates to derive the reporting dates.

Read more here.

1. Baidu

Chinese search engine
Baidu Inc (ADR) BIDU
is expected to report fourth quarter earnings of $0.87 per ADR on revenues of $2.66 billion. In the year-ago quarter, the company posted earnings of 7.61 yuan per ADR on revenues of $18.7 billion yuan.

In a recent note, Bernstein started Baidu's shares at Underperform, with a price target of $150. The firm cautioned of a drop in the company's share of digital ads in the coming years, as its core search business slow. While noting that its profitability was wrecked by the 020 lifestyle business, the firm opined that it would do well to return to its core search business.

Likely Reporting Date: February 23, 2017.

2. Weibo

Analysts, on average, expect Weibo Corp (ADR) WB to report fourth-quarter earnings of $0.28 per ADS, up from $0.15 per ADS. Revenue growth is expected to accelerate 38.40 percent to $206.26 million.

Weibo operates as a social media platform for people to create, distribute and discover Chinese-language content.

Likely Reporting Date:
March 1, 2017.

3. Momo

Mobile-based social networking platform Momo Inc (ADR) MOMO is expected to report fourth-quarter earnings of $0.28 per ADS, up from $0.06 per ADS last year. Consensus estimates call for revenues of $187.15 million.

Likely Reporting Date:
March 21, 2017.

4. SINA

Chinese online media company SINA Corp SINA's earnings are expected to improve to $0.56 per ADS from $0.35 per ADS last year, with revenues estimated at $300.81 million, up an estimated 18.60 percent.

Likely Reporting Date:
March 1, 2017.
Image Credit: By hwanghsuhui - photo of hwanghsuhui, GFDL, via Wikimedia Commons
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