Vipshop Holdings Ltd (VIPS) stock is soaring 5.03% in pre-market trading on Friday, as investors gear up for the company's upcoming earnings report scheduled for May 20. This surge comes despite analysts expecting a decline in quarterly revenue for the period ending March 31, 2025.
According to LSEG data, analysts anticipate Vipshop to report earnings of CNY4.34 per share, with revenue expected to decrease by 4.4% to CNY26.419 billion from CNY27.65 billion a year ago. The company's own guidance, provided on February 21, projected revenue between CNY26.30 billion and CNY27.60 billion for the quarter.
The stock's upward movement may be attributed to Vipshop's recent track record of beating earnings estimates. In the past eight quarters, the company has surpassed expectations seven times, with surprise percentages ranging from 3.3% to 66.7%. Despite the anticipated revenue decline, investors appear optimistic about Vipshop's ability to outperform analyst predictions once again.
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