JD.com, Inc. (JD) closed the most recent trading day at $27.03, moving -1.98% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
Shares of the company witnessed a loss of 9.67% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 4.65%, and the S&P 500's gain of 2.02%.
The upcoming earnings release of JD.com, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.84, signifying a 21.74% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $52.83 billion, indicating a 6.11% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $3.19 per share and a revenue of $204.15 billion, demonstrating changes of +25.1% and +11.16%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for JD.com, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. 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 8.66 right now. This represents a discount compared to its industry average Forward P/E of 16.45.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 105, placing it within the top 44% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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JD.com, Inc. (JD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).