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Why JD.com (JD) Could Be Positioned for a Surge

Zacks Equity Research

JD.com, Inc. JD is a leading technology driven e-commerce company 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, three 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 17 cents a share 30 days ago, to 38 cents today, a significant move.

Current Year Estimates for JD

Meanwhile, JD.com’s current year figures are also looking quite promising, with four 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 83 cents per share 30 days ago to $1.24 per share today, an increase of 49.4%.

JD.com, Inc. Price and Consensus

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

JD.com, Inc. price-consensus-chart | JD.com, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 29.5% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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JD.com, Inc. (JD) : Free Stock Analysis Report
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