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Why JD.com, Inc. (JD) Dipped More Than Broader Market Today
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JD.com, Inc. (JD - Free Report) ended the recent trading session at $29.19, demonstrating a -1.9% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.74%. Meanwhile, the Dow experienced a drop of 1.01%, and the technology-dominated Nasdaq saw a decrease of 2.38%.
Heading into today, shares of the company had gained 8.02% over the past month, outpacing the Retail-Wholesale sector's loss of 3.4% and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of JD.com, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.34, reflecting a 70.69% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $45.52 billion, up 9.72% from the prior-year quarter.
JD's full-year Zacks Consensus Estimates are calling for earnings of $2.9 per share and revenue of $200.85 billion. These results would represent year-over-year changes of +13.73% and +9.36%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for JD.com, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.34% higher. JD.com, Inc. presently features a Zacks Rank of #3 (Hold).
Looking at valuation, JD.com, Inc. is presently trading at a Forward P/E ratio of 10.28. This expresses a discount compared to the average Forward P/E of 15.46 of its industry.
We can additionally observe that JD currently boasts a PEG ratio of 7.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 0.93.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 167, finds itself in the bottom 32% echelons of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Why JD.com, Inc. (JD) Dipped More Than Broader Market Today
JD.com, Inc. (JD - Free Report) ended the recent trading session at $29.19, demonstrating a -1.9% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 1.74%. Meanwhile, the Dow experienced a drop of 1.01%, and the technology-dominated Nasdaq saw a decrease of 2.38%.
Heading into today, shares of the company had gained 8.02% over the past month, outpacing the Retail-Wholesale sector's loss of 3.4% and the S&P 500's loss of 4.99%.
The investment community will be closely monitoring the performance of JD.com, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.34, reflecting a 70.69% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $45.52 billion, up 9.72% from the prior-year quarter.
JD's full-year Zacks Consensus Estimates are calling for earnings of $2.9 per share and revenue of $200.85 billion. These results would represent year-over-year changes of +13.73% and +9.36%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for JD.com, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.34% higher. JD.com, Inc. presently features a Zacks Rank of #3 (Hold).
Looking at valuation, JD.com, Inc. is presently trading at a Forward P/E ratio of 10.28. This expresses a discount compared to the average Forward P/E of 15.46 of its industry.
We can additionally observe that JD currently boasts a PEG ratio of 7.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 0.93.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 167, finds itself in the bottom 32% echelons of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.