In the latest trading session, JD.com, Inc. (JD) closed at $26.75, marking a -1.51% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.03%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.01%.
Heading into today, shares of the company had lost 5.6% over the past month, lagging the Retail-Wholesale sector's loss of 5.06% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of JD.com, Inc. in its upcoming release. The company's upcoming EPS is projected at $1.05, signifying a 101.92% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $46.07 billion, indicating a 9.66% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.34 per share and revenue of $202.54 billion. These totals would mark changes of +30.98% and +10.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for JD.com, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 6.71% increase. JD.com, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note JD.com, Inc.'s current valuation metrics, including its Forward P/E ratio of 8.13. This valuation marks a discount compared to its industry average Forward P/E of 15.58.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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JD.com, Inc. (JD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).