Alibaba Set To Release First Earnings Report On November 4

Shares of Alibaba Group Holding Ltd BABA have been trading for a month.

Shares were priced at $68 in the IPO and opened at $92.67, with a high of $99.70 on the first day of trading on September 19. That marked the high for the stock price, as shares have fallen back roughly 5 percent towards the $88 level, with a low of $82.81 on October 15.

Alibaba is expected to release its first earnings report on November 4 before the market opens, with analyst estimates for EPS of $0.50 on revenue of $2.55 billion. This would give Alibaba a fairly rich price-to-earnings multiple of 40, well above the current 15 multiple on the S&P 500.

Shares were up 1 percent in the premarket at $89.12.