$3.97 Billion in Sales Expected for Vipshop Holdings Ltd – (NYSE:VIPS) This Quarter

Equities research analysts expect Vipshop Holdings Ltd – (NYSE:VIPS) to post $3.97 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Vipshop’s earnings. The highest sales estimate is $3.97 billion and the lowest is $3.96 billion. Vipshop reported sales of $3.79 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The company is scheduled to announce its next earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that Vipshop will report full year sales of $12.96 billion for the current financial year, with estimates ranging from $12.87 billion to $13.07 billion. For the next fiscal year, analysts expect that the business will report sales of $13.82 billion, with estimates ranging from $13.55 billion to $14.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Vipshop.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $0.13 by $1.65. Vipshop had a return on equity of 17.41% and a net margin of 3.62%. The business had revenue of $19.61 billion during the quarter, compared to analysts’ expectations of $18.53 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year.

VIPS has been the topic of several research reports. Bank of America restated a “hold” rating and set a $9.72 price target on shares of Vipshop in a research note on Monday, August 19th. Zacks Investment Research upgraded Vipshop from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, November 20th. TheStreet upgraded Vipshop from a “c” rating to a “b-” rating in a research note on Tuesday, September 10th. Macquarie initiated coverage on Vipshop in a research note on Wednesday, November 27th. They set an “outperform” rating and a $16.30 price target on the stock. Finally, Benchmark boosted their price target on Vipshop from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $11.88.

Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Vipshop by 44.6% during the 3rd quarter. Parallel Advisors LLC now owns 3,149 shares of the technology company’s stock worth $28,000 after acquiring an additional 971 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Vipshop by 9.8% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 19,100 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,700 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Vipshop by 36.4% during the third quarter. Daiwa Securities Group Inc. now owns 12,000 shares of the technology company’s stock worth $107,000 after acquiring an additional 3,200 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Vipshop during the second quarter worth approximately $34,000. Finally, Altshuler Shaham Ltd acquired a new stake in Vipshop during the second quarter worth approximately $123,000. Institutional investors own 43.93% of the company’s stock.

Shares of NYSE VIPS traded up $0.06 during trading hours on Tuesday, hitting $13.63. 4,119,137 shares of the company’s stock were exchanged, compared to its average volume of 5,397,397. Vipshop has a 1-year low of $5.04 and a 1-year high of $13.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.92 and a quick ratio of 0.65. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 31.70 and a beta of 1.97. The company’s 50-day moving average price is $12.31 and its 200-day moving average price is $9.26.

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 casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

Featured Story: Why do earnings reports matter?

Get a free copy of the Zacks research report on Vipshop (VIPS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Vipshop (NYSE:VIPS)

Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.