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JD.com (JD) Surges 5.7%: Is This an Indication of Further Gains?
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JD.com, Inc. (JD - Free Report) shares ended the last trading session 5.7% higher at $34.83. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.6% gain over the past four weeks.
JD is benefiting from strong supply chain capabilities, user growth, and synergies between its core retail and new business initiatives like food delivery.
This company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of -64.5%. Revenues are expected to be $41.21 billion, up 11.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For JD.com, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on JD going forward to see if this recent jump can turn into more strength down the road.
JD.com is a member of the Zacks Internet - Commerce industry. One other stock in the same industry, PetMed (PETS - Free Report) , finished the last trading session 0.8% lower at $2.64. PETS has returned -12.8% over the past month.
PetMed's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.06. Compared to the company's year-ago EPS, this represents a change of -133.3%. PetMed currently boasts a Zacks Rank of #5 (Strong Sell).
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JD.com (JD) Surges 5.7%: Is This an Indication of Further Gains?
JD.com, Inc. (JD - Free Report) shares ended the last trading session 5.7% higher at $34.83. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.6% gain over the past four weeks.
JD is benefiting from strong supply chain capabilities, user growth, and synergies between its core retail and new business initiatives like food delivery.
This company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of -64.5%. Revenues are expected to be $41.21 billion, up 11.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For JD.com, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on JD going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
JD.com is a member of the Zacks Internet - Commerce industry. One other stock in the same industry, PetMed (PETS - Free Report) , finished the last trading session 0.8% lower at $2.64. PETS has returned -12.8% over the past month.
PetMed's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.06. Compared to the company's year-ago EPS, this represents a change of -133.3%. PetMed currently boasts a Zacks Rank of #5 (Strong Sell).