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Surging Earnings Estimates Signal Good News for JD.com (JD)

Zacks Equity Research

JD.com, Inc. JD is a leading technology-driven e-commerce company and retail infrastructure service provider in China that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on JD’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that JD.com could be a solid choice for investors.

Current Quarter Estimates for JD

In the past 30 days, two estimates have gone higher for JD.com while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 8 cents a share 30 days ago, to 14 cents today, a move of 75%.

Current Year Estimates for JD

Meanwhile, JD.com’s current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 42 cents per share 30 days ago to 54 cents per share today, an increase of 28.6%.

JD.com, Inc. Price and Consensus

JD.com, Inc. Price and Consensus | JD.com, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 15.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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