Earnings season may be winding down, but one of China's most prolific growth stocks has yet to step up with its latest financial results. Alibaba Group (NYSE: BABA) will announce its fiscal second-quarter results before the U.S. market opens for trading on Thursday morning. A lot is riding on the report.

The e-commerce giant has been a disappointment to investors after initially surging in the early months of the COVID-19 crisis. The stock is trading lower for the third year in a row, bucking the trend of many high-octane growth stocks that have bounced back in 2023. Shares of Alibaba have plummeted 74% since peaking in fall 2020. A strong quarterly report on Thursday can get the struggling stock back on track.

Expectations are modest for this week's telltale report. Analysts see $30.77 billion in revenue for the fiscal quarter ending in September, a mere 6% year-over-year increase.

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Source Fool.com