Vipshop (VIPS) Set to Announce Quarterly Earnings on Tuesday

Vipshop (NYSE:VIPS) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, August 20th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Vipshop has set its Q2 2024 guidance at EPS.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. 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

NYSE VIPS opened at $13.94 on Wednesday. The company’s 50 day simple moving average is $14.10 and its two-hundred day simple moving average is $15.75. Vipshop has a 1 year low of $12.76 and a 1 year high of $20.19. The stock has a market capitalization of $7.56 billion, a PE ratio of 6.48 and a beta of 0.32.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup dropped their price objective on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. Benchmark lowered Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, StockNews.com downgraded shares of Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

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.