Foolish talk: Alibaba Has a Lot to Prove on Thursday August 21, 2018, 11:05:00 AM EDT By Rick Munarriz, MF
Earnings season has quieted to a whimper these days, but that will only draw more attention to Alibaba (NYSE: BABA) later this week. China's leading online marketplace operator reports financial results on Thursday morning, and Wall Street is holding out for another strong showing.
Alibaba has been a machine, cranking out healthy yet consistent growth. Year-over-year revenue gains have clocked in between 54% and 61% for eight consecutive quarters. Analysts see revenue climbing 61.4% to $11.76 billion in this week's fiscal first-quarter results, slightly stretching the high end of Alibaba's tight growth range over the past two years. If Alibaba grows its top line by anything north of 61%, it will be its strongest revenue growth in more than four years.