JD.com, Inc. (JD) closed at $28.11 in the latest trading session, marking a -0.71% move from the prior day. This change lagged the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.55%, and the tech-heavy Nasdaq gained 0.07%.
Heading into today, shares of the company had gained 14.89% over the past month, outpacing the Retail-Wholesale sector's gain of 2.23% and the S&P 500's gain of 2.14% in that time.
Wall Street will be looking for positivity from JD as it approaches its next earnings report date. In that report, analysts expect JD to post earnings of $0.14 per share. This would mark year-over-year growth of 27.27%. Our most recent consensus estimate is calling for quarterly revenue of $17.80 billion, up 11.49% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.54 per share and revenue of $81.18 billion, which would represent changes of +58.82% and +17.13%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for JD. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 132.26% higher. JD currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, JD is holding a Forward P/E ratio of 52.18. Its industry sports an average Forward P/E of 29.13, so we one might conclude that JD is trading at a premium comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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