JD.com, Inc. (JD) closed the most recent trading day at $22.39, moving +1.73% from the previous trading session. This change outpaced the S&P 500's 0.15% loss on the day. At the same time, the Dow lost 0.4%, and the tech-heavy Nasdaq 0%.
Heading into today, shares of the company had lost 8.82% over the past month, lagging the Retail-Wholesale sector's loss of 0.59% and the S&P 500's loss of 1.27% in that time.
Wall Street will be looking for positivity from JD as it approaches its next earnings report date. This is expected to be November 19, 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.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.25 per share and revenue of $68.02 billion. These totals would mark changes of -51.92% and +25.17%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for JD. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 51.72% lower. JD is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, JD is holding a Forward P/E ratio of 88.04. Its industry sports an average Forward P/E of 24.51, so we one might conclude that JD is trading at a premium comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 186, putting it in the bottom 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.