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JD.com, Inc. (JD) ended the recent trading session at $41.12, demonstrating a -1.11% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 1.01%, while the tech-heavy Nasdaq depreciated by 0.14%.
Shares of the company witnessed a loss of 0.76% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 8.04% and the S&P 500's loss of 6.22%.
The upcoming earnings release of JD.com, Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1, reflecting a 28.21% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $40.07 billion, indicating a 11.27% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $4.76 per share and a revenue of $173.05 billion, demonstrating changes of +11.74% and +7.65%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for JD.com, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 6.63% higher within the past month. JD.com, Inc. presently features a Zacks Rank of #1 (Strong Buy).
With respect to valuation, JD.com, Inc. is currently being traded at a Forward P/E ratio of 8.74. For comparison, its industry has an average Forward P/E of 22.05, which means JD.com, Inc. is trading at a discount to the group.
Meanwhile, JD's PEG ratio is currently 0.27. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 1.33.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 64, this industry ranks in the top 26% of all industries, numbering over 250.