Analysts forecast that JD.Com Inc (NASDAQ:JD) will report $19.20 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for JD.Com’s earnings, with estimates ranging from $19.14 billion to $19.26 billion. JD.Com reported sales of $16.93 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 13.4%. The company is scheduled to announce its next earnings report on Friday, March 1st.
On average, analysts expect that JD.Com will report full year sales of $67.33 billion for the current fiscal year, with estimates ranging from $66.26 billion to $69.45 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $80.25 billion, with estimates ranging from $78.98 billion to $83.67 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for JD.Com.
JD.Com (NASDAQ:JD) last announced its earnings results on Monday, November 19th. The information services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.06). The company had revenue of $104.77 billion for the quarter, compared to the consensus estimate of $105.93 billion. JD.Com had a negative return on equity of 2.40% and a net margin of 0.31%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share.
JD has been the subject of several research analyst reports. Zacks Investment Research lowered JD.Com from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 3rd. BidaskClub lowered JD.Com from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. CLSA lowered JD.Com from an “outperform” rating to an “underperform” rating and set a $29.00 price objective for the company. in a research report on Thursday, September 20th. UBS Group set a $28.00 price objective on JD.Com and gave the stock a “buy” rating in a research report on Friday, October 12th. Finally, TH Capital lowered their price objective on JD.Com to $30.00 and set a “buy” rating for the company in a research report on Friday, November 16th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. JD.Com currently has an average rating of “Hold” and a consensus target price of $35.19.
A number of hedge funds have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC purchased a new position in JD.Com in the 2nd quarter valued at $454,000. Eqis Capital Management Inc. purchased a new position in JD.Com in the 2nd quarter valued at $249,000. Commonwealth Equity Services LLC grew its position in JD.Com by 45.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 107,250 shares of the information services provider’s stock valued at $4,177,000 after buying an additional 33,439 shares during the last quarter. Aviva PLC grew its position in JD.Com by 11.4% in the 2nd quarter. Aviva PLC now owns 187,105 shares of the information services provider’s stock valued at $7,288,000 after buying an additional 19,170 shares during the last quarter. Finally, First Trust Advisors LP grew its position in JD.Com by 7.3% in the 2nd quarter. First Trust Advisors LP now owns 1,035,825 shares of the information services provider’s stock valued at $40,345,000 after buying an additional 70,630 shares during the last quarter. Institutional investors and hedge funds own 47.24% of the company’s stock.
Shares of NASDAQ:JD opened at $20.93 on Friday. The firm has a market cap of $25.83 billion, a P/E ratio of 2,093.00 and a beta of 1.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.57. JD.Com has a 12-month low of $19.21 and a 12-month high of $50.68.
JD.Com Company Profile
JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Mall and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; mother and childcare products, toys, and instruments; and food, beverage, and fresh produce.
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