JD.com, Inc. (JD) closed at $25.57 in the latest trading session, marking a +1.31% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.6%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 1.18%.
Shares of the company witnessed a loss of 5.15% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.94%, and the S&P 500's loss of 0.79%.
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 $1.05 per share, which would represent year-over-year growth of 101.92%. At the same time, our most recent consensus estimate is projecting a revenue of $46.27 billion, reflecting a 10.15% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.25 per share and revenue of $201.84 billion, indicating changes of +27.45% and +9.9%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for JD.com, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 2.85% lower. Currently, JD.com, Inc. is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, JD.com, Inc. is presently being traded at a Forward P/E ratio of 7.77. This valuation marks a discount compared to its industry average Forward P/E of 14.71.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 187, placing it within the bottom 24% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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JD.com, Inc. (JD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).