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JD.com (JD) Moves 8.3% Higher: Will This Strength Last?
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JD.com, Inc. (JD - Free Report) shares soared 8.3% in the last trading session to close at $29.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.2% loss over the past four weeks.
JD.com shares are benefiting from robust user growth, diversified revenue streams and deepening supply chain advantages driving sustainable profitability.
This company is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -70.7%. Revenues are expected to be $45.52 billion, up 9.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For JD.com, the consensus EPS estimate for the quarter has been revised 225% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. 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 part of the Zacks Internet - Commerce industry. Commerce.com (CMRC - Free Report) , another stock in the same industry, closed the last trading session 0.4% higher at $2.58. CMRC has returned -8.2% in the past month.
For Commerce.com, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.1. This represents a change of +42.9% from what the company reported a year ago. Commerce.com currently has a Zacks Rank of #2 (Buy).
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JD.com (JD) Moves 8.3% Higher: Will This Strength Last?
JD.com, Inc. (JD - Free Report) shares soared 8.3% in the last trading session to close at $29.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.2% loss over the past four weeks.
JD.com shares are benefiting from robust user growth, diversified revenue streams and deepening supply chain advantages driving sustainable profitability.
This company is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -70.7%. Revenues are expected to be $45.52 billion, up 9.7% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For JD.com, the consensus EPS estimate for the quarter has been revised 225% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. 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 part of the Zacks Internet - Commerce industry. Commerce.com (CMRC - Free Report) , another stock in the same industry, closed the last trading session 0.4% higher at $2.58. CMRC has returned -8.2% in the past month.
For Commerce.com, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.1. This represents a change of +42.9% from what the company reported a year ago. Commerce.com currently has a Zacks Rank of #2 (Buy).