NEW YORK (TheStreet) -- Shares of Vipshop Holdings Ltd (VIPS) are down 2.13% to $23.48 in early morning trading, ahead of 2014 third quarter earnings after the market close today. Here's what analysts are expecting from the Chinese online discount retailer.
Guangzhou, China-based Vipshop expects third quarter revenue of $850 million to $860 million. Analysts expect revenue of $863.12 million and earnings of 7 cents per share.
In the second quarter, Vipshop posted earnings per share of 7 cents, above estimates of 6 cents. Its second quarter revenue jumped to $829.45 million, topping analyst views of $791.55 million.
Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the company has rapidly built a sizeable and growing base of customers and brand partners.
Separately, TheStreet Ratings team rates VIPSHOP HOLDINGS LTD -ADR as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate VIPSHOP HOLDINGS LTD -ADR (VIPS) a HOLD. The primary factors that have impacted our rating are mixed--some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."
You can view the full analysis from the report here: VIPS Ratings Report
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