In the latest trading session, JD.com, Inc. (JD) closed at $28.58, marking a +0.7% move from the previous day. This move outpaced the S&P 500's daily gain of 0.64%. Meanwhile, the Dow gained 0.57%, and the Nasdaq, a tech-heavy index, added 0.6%.
Coming into today, shares of the company had lost 8.66% in the past month. In that same time, the Retail-Wholesale sector lost 4.12%, while the S&P 500 lost 1.87%.
Investors will be hoping for strength from JD as it approaches its next earnings release. The company is expected to report EPS of $0.18, up 50% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.40 billion, up 20.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.95 per share and revenue of $80.51 billion. These totals would mark changes of +179.41% and +16.16%, respectively, from last year.
Any recent changes to analyst estimates for JD should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 #1 (Strong Buy).
In terms of valuation, JD is currently trading at a Forward P/E ratio of 30.03. For comparison, its industry has an average Forward P/E of 24.38, 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 69, which puts it in the top 28% of all 250+ industries.
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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