Zacks: Brokerages Anticipate Vipshop Holdings Ltd – (VIPS) Will Post Quarterly Sales of $2.57 Billion

Wall Street analysts expect Vipshop Holdings Ltd – (NYSE:VIPS) to report $2.57 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Vipshop’s earnings. The highest sales estimate is $2.60 billion and the lowest is $2.55 billion. Vipshop reported sales of $2.30 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.7%. The business is scheduled to issue its next quarterly earnings report on Monday, November 19th.

According to Zacks, analysts expect that Vipshop will report full year sales of $12.49 billion for the current fiscal year, with estimates ranging from $12.47 billion to $12.51 billion. For the next fiscal year, analysts forecast that the firm will report sales of $14.20 billion, with estimates ranging from $13.54 billion to $14.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Vipshop.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Monday, August 13th. The technology company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.73. Vipshop had a return on equity of 15.75% and a net margin of 2.78%. The company had revenue of $20.74 billion during the quarter, compared to analysts’ expectations of $21.23 billion. During the same period last year, the firm posted $1.18 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis.

A number of analysts have recently issued reports on the company. ValuEngine cut Vipshop from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. CLSA cut Vipshop from an “outperform” rating to a “sell” rating and set a $9.00 price objective for the company. in a research report on Tuesday, August 14th. Zacks Investment Research cut Vipshop from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. Daiwa Capital Markets cut Vipshop from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $16.00 to $8.00 in a research report on Tuesday, August 14th. Finally, Macquarie cut their price objective on Vipshop from $16.50 to $10.50 and set an “outperform” rating for the company in a research report on Wednesday, August 15th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Vipshop has an average rating of “Hold” and an average target price of $14.65.

A number of large investors have recently added to or reduced their stakes in VIPS. OppenheimerFunds Inc. increased its stake in Vipshop by 1,559.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 20,698,567 shares of the technology company’s stock worth $224,580,000 after acquiring an additional 19,451,180 shares during the period. Jericho Capital Asset Management L.P. bought a new position in Vipshop during the 1st quarter worth $113,798,000. Schroder Investment Management Group increased its stake in Vipshop by 27.2% during the 2nd quarter. Schroder Investment Management Group now owns 24,751,215 shares of the technology company’s stock worth $267,808,000 after acquiring an additional 5,294,013 shares during the period. Canada Pension Plan Investment Board increased its stake in Vipshop by 3,978.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 5,017,010 shares of the technology company’s stock worth $54,435,000 after acquiring an additional 4,894,000 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Vipshop during the 2nd quarter worth $45,847,000. 50.06% of the stock is owned by institutional investors and hedge funds.

Shares of VIPS remained flat at $$5.54 during mid-day trading on Friday. The stock had a trading volume of 1,555,244 shares, compared to its average volume of 9,865,563. Vipshop has a 52 week low of $5.44 and a 52 week high of $19.14. The firm has a market capitalization of $4.11 billion, a PE ratio of 9.54 and a beta of 1.66.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Earnings History and Estimates for Vipshop (NYSE:VIPS)

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