Advertisement
Canada markets open in 1 hour 4 minutes

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7310
    +0.0012 (+0.17%)
     

  • CRUDE OIL

    83.21
    +0.40 (+0.48%)
     

  • Bitcoin CAD

    87,536.14
    -3,630.90 (-3.98%)
     

  • CMC Crypto 200

    1,359.90
    -22.68 (-1.64%)
     

  • GOLD FUTURES

    2,337.90
    -0.50 (-0.02%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,468.50
    -196.00 (-1.11%)
     

  • VOLATILITY

    16.31
    +0.34 (+2.13%)
     

  • FTSE

    8,103.56
    +63.18 (+0.79%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6819
    0.0000 (0.00%)
     

JD.com, Inc. (JD) Gains As Market Dips: What You Should Know

Zacks Equity Research
·3 min read

JD.com, Inc. (JD) closed at $53.34 in the latest trading session, marking a +1.97% move from the prior day. This move outpaced the S&P 500's daily loss of 1.03%. Elsewhere, the Dow lost 1.11%, while the tech-heavy Nasdaq lost 0.13%.

Heading into today, shares of the company had lost 17.57% over the past month, lagging the Retail-Wholesale sector's loss of 10.27% and the S&P 500's loss of 10.4% in that time.

JD.com, Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.62, up 26.53% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $36.25 billion, up 6.8% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.15 per share and revenue of $157.52 billion, which would represent changes of +27.22% and +6.75%, respectively, from the prior year.

ADVERTISEMENT

Investors might also notice recent changes to analyst estimates for JD.com, Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 remained stagnant. JD.com, Inc. is currently a Zacks Rank #1 (Strong Buy).

Looking at its valuation, JD.com, Inc. is holding a Forward P/E ratio of 24.39. This represents a premium compared to its industry's average Forward P/E of 22.88.

The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
JD.com, Inc. (JD) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research