In the latest trading session, JD.com, Inc. (JD) closed at $44.60, marking a +1.69% move from the previous day. The stock outpaced the S&P 500's daily loss of 2.2%. Elsewhere, the Dow lost 1.86%, while the tech-heavy Nasdaq lost 1.44%.
Heading into today, shares of the company had gained 14.37% over the past month, outpacing the Retail-Wholesale sector's gain of 11.19% and the S&P 500's gain of 5.45% in that time.
Wall Street will be looking for positivity from JD as it approaches its next earnings report date. The company is expected to report EPS of $0, down 100% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $19.17 billion, up 6.28% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.83 per share and revenue of $96.89 billion, which would represent changes of -20.19% and +16.29%, respectively, from the prior year.
Any recent changes to analyst estimates for JD should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 remained stagnant. JD is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, JD is holding a Forward P/E ratio of 52.84. Its industry sports an average Forward P/E of 27.35, 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 63, which puts it in the top 25% 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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JD.com, Inc. (JD) : Free Stock Analysis Report
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