Vipshop (NYSE:VIPS) Issues Quarterly Earnings Results, Beats Expectations By $3.43 EPS

Vipshop (NYSE:VIPS) posted its quarterly earnings data on Tuesday. The technology company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $3.43, Briefing.com reports. The firm had revenue of $25.08 billion for the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a net margin of 7.60% and a return on equity of 23.74%. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. Vipshop updated its Q3 2024 guidance to EPS.

Vipshop Stock Up 1.0 %

NYSE VIPS traded up $0.13 during trading hours on Thursday, hitting $12.83. The company had a trading volume of 452,014 shares, compared to its average volume of 3,962,268. The firm has a market cap of $6.96 billion, a P/E ratio of 5.91 and a beta of 0.32. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The business has a fifty day simple moving average of $13.82 and a 200-day simple moving average of $15.65.

Analysts Set New Price Targets

VIPS has been the topic of several research analyst reports. Citigroup reduced their price target on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $12.50 in a research report on Wednesday. StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from $15.80 to $12.00 in a research note on Wednesday. Finally, Benchmark lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.75.

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.