JD.com, Inc. (JD) Stock Sinks As Market Gains: What You Should Know
JD.com, Inc. (JD) closed the most recent trading day at $21.04, moving -1.45% from the previous trading session. This move lagged the S&P 500's daily gain of 0.01%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq gained 0.45%.
Coming into today, shares of the company had gained 1.14% in the past month. In that same time, the Retail-Wholesale sector lost 6.6%, while the S&P 500 lost 7.29%.
JD will be looking to display strength as it nears its next earnings release, which is expected to be March 1, 2019. On that day, JD is projected to report earnings of -$0.04 per share, which would represent a year-over-year decline of 180%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.15 billion, up 13.09% from the year-ago period.
JD's full-year Zacks Consensus Estimates are calling for earnings of $0.21 per share and revenue of $66.58 billion. These results would represent year-over-year changes of -59.62% and +22.53%, respectively.
Investors might also notice recent changes to analyst estimates for JD. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 85.71% lower. JD currently has a Zacks Rank of #3 (Hold).
Digging into valuation, JD currently has a Forward P/E ratio of 100.08. This valuation marks a premium compared to its industry's average Forward P/E of 21.58.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 194, which puts it in the bottom 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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