JD.com, Inc. (JD - Free Report) closed the most recent trading day at $24.07, moving +1.99% from the previous trading session. This change lagged the S&P 500's 2.12% gain on the day. Elsewhere, the Dow gained 2.13%, while the tech-heavy Nasdaq added 2.64%.
Prior to today's trading, shares of the company had lost 0.76% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 2.5% and the S&P 500's loss of 4.4% in that time.
Investors will be hoping for strength from JD as it approaches its next earnings release, which is expected to be November 12, 2018. On that day, JD is projected to report earnings of $0.08 per share, which would represent a year-over-year decline of 65.22%. Meanwhile, our latest consensus estimate is calling for revenue of $15.61 billion, up 23.98% from the prior-year quarter.
JD's full-year Zacks Consensus Estimates are calling for earnings of $0.25 per share and revenue of $68.02 billion. These results would represent year-over-year changes of -51.92% and +25.17%, respectively.
Investors should also note any recent changes to analyst estimates for JD. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
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 51.72% lower. JD is currently a Zacks Rank #5 (Strong Sell).
Investors should also note JD's current valuation metrics, including its Forward P/E ratio of 94.4. This represents a premium compared to its industry's average Forward P/E of 29.55.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.