JD.com, Inc. (JD - Free Report) closed the most recent trading day at $30.18, moving +0.02% from the previous trading session. This move outpaced the S&P 500's daily of 0%. Elsewhere, the Dow lost 0.05%, while the tech-heavy Nasdaq lost 0.21%.
Prior to today's trading, shares of the company had gained 7.25% over the past month. This has outpaced the Retail-Wholesale sector's gain of 6.48% and the S&P 500's gain of 5.49% in that time.
Wall Street will be looking for positivity from JD as it approaches its next earnings report date. The company is expected to report EPS of $0.14, up 27.27% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $17.80 billion, up 11.49% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.54 per share and revenue of $81.18 billion, which would represent changes of +58.82% and +17.13%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for JD. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. JD is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, JD is currently trading at a Forward P/E ratio of 55.61. For comparison, its industry has an average Forward P/E of 27.96, which means JD is trading at a premium to the group.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 208, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.