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JD.com, Inc. (JD) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest close session, JD.com, Inc. (JD - Free Report) was down 1.85% at $34.98. This move lagged the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Shares of the company have appreciated by 14.71% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 1.09%, and the S&P 500's gain of 3.15%.
The investment community will be closely monitoring the performance of JD.com, Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.44, down 64.52% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $41.21 billion, indicating a 11.06% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.72 per share and a revenue of $183.33 billion, representing changes of -36.15% and +14.04%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for JD.com, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.69% lower within the past month. 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 13.12 right now. This expresses a discount compared to the average Forward P/E of 21.72 of its industry.
Meanwhile, JD's PEG ratio is currently 3.37. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Commerce stocks are, on average, holding a PEG ratio of 1.48 based on yesterday's closing prices.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 40, this industry ranks in the top 17% of all industries, numbering over 250.
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.
To follow JD in the coming trading sessions, be sure to utilize Zacks.com.
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JD.com, Inc. (JD) Stock Drops Despite Market Gains: Important Facts to Note
In the latest close session, JD.com, Inc. (JD - Free Report) was down 1.85% at $34.98. This move lagged the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Shares of the company have appreciated by 14.71% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 1.09%, and the S&P 500's gain of 3.15%.
The investment community will be closely monitoring the performance of JD.com, Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.44, down 64.52% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $41.21 billion, indicating a 11.06% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.72 per share and a revenue of $183.33 billion, representing changes of -36.15% and +14.04%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for JD.com, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.69% lower within the past month. 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 13.12 right now. This expresses a discount compared to the average Forward P/E of 21.72 of its industry.
Meanwhile, JD's PEG ratio is currently 3.37. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Commerce stocks are, on average, holding a PEG ratio of 1.48 based on yesterday's closing prices.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 40, this industry ranks in the top 17% of all industries, numbering over 250.
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.
To follow JD in the coming trading sessions, be sure to utilize Zacks.com.