In the latest trading session, JD.com, Inc. (JD) closed at $29.16, marking a +1.21% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.46%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq lost 0.63%.
Prior to today's trading, shares of the company had gained 8.35% over the past month. This has outpaced the Retail-Wholesale sector's gain of 1.99% and the S&P 500's gain of 1.08% 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.
JD's full-year Zacks Consensus Estimates are calling for earnings of $0.54 per share and revenue of $81.18 billion. These results would represent year-over-year changes of +58.82% and +17.13%, respectively.
Investors should also note any recent changes to analyst estimates for JD. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 132.26% higher. JD is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, JD is currently trading at a Forward P/E ratio of 53.11. This valuation marks a premium compared to its industry's average Forward P/E of 28.33.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JD in the coming trading sessions, be sure to utilize Zacks.com.
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