In the latest close session, JD.com, Inc. (JD) was up +1.14% at $26.60. This change outpaced the S&P 500's 0.25% loss on the day. At the same time, the Dow lost 0.86%, and the tech-heavy Nasdaq gained 0.24%.
Prior to today's trading, shares of the company had lost 5.73% was narrower than the Retail-Wholesale sector's loss of 6.54% and lagged the S&P 500's loss of 0.42%.
The investment community will be paying close attention to the earnings performance of JD.com, Inc. in its upcoming release. The company is expected to report EPS of $1.05, up 101.92% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $46.07 billion, indicating a 9.66% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.34 per share and revenue of $202.54 billion, which would represent changes of +30.98% and +10.28%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for JD.com, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.71% higher within the past month. JD.com, Inc. is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that JD.com, Inc. has a Forward P/E ratio of 7.87 right now. This signifies a discount in comparison to the average Forward P/E of 15.46 for its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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JD.com, Inc. (JD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).