JD.com, Inc. (JD) closed at $29.68 in the latest trading session, marking a +1.37% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.51%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Shares of the company have appreciated by 4.91% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 0.51%, and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of JD.com, Inc. in its upcoming earnings disclosure. On that day, JD.com, Inc. is projected to report earnings of $0.86 per share, which would represent year-over-year growth of 24.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $51.55 billion, up 3.53% from the year-ago period.
JD's full-year Zacks Consensus Estimates are calling for earnings of $3.14 per share and revenue of $203.97 billion. These results would represent year-over-year changes of +23.14% and +11.06%, respectively.
Investors should also note any recent changes to analyst estimates for JD.com, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Within the past 30 days, our consensus EPS projection has moved 2.71% higher. JD.com, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, JD.com, Inc. is currently trading at a Forward P/E ratio of 9.31. This expresses a discount compared to the average Forward P/E of 17.09 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 31% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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).