JD.com, Inc. (JD) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, JD.com, Inc. (JD) closed at $22.14, marking a -0.85% move from the previous day. This move lagged the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq gained 0.71%.
Coming into today, shares of the company had gained 10.71% in the past month. In that same time, the Retail-Wholesale sector gained 2.28%, while the S&P 500 gained 0.75%.
Wall Street will be looking for positivity from JD as it approaches its next earnings report date. This is expected to be March 1, 2019. In that report, analysts expect JD to post earnings of -$0.04 per share. This would mark a year-over-year decline of 180%. Our most recent consensus estimate is calling for quarterly revenue of $19.15 billion, up 13.09% from the year-ago period.
Investors should also note any recent changes to analyst estimates for JD. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. JD is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, JD is holding a Forward P/E ratio of 43.36. This valuation marks a premium compared to its industry's average Forward P/E of 30.48.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 43% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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