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JD.com, Inc. (JD) Stock Slides as Market Rises: Facts to Know Before You Trade
JDJD(JD) ZACKS·2024-07-12 22:51

Company Performance - JD.com, Inc. closed at 28.15,reflectinga1.6828.15, reflecting a -1.68% change from the previous day, underperforming the S&P 500's gain of 0.55% [1] - Over the past month, JD.com shares decreased by 2.62%, while the Retail-Wholesale sector gained 1.33% and the S&P 500 increased by 4.28% [1] - Analysts expect JD.com to report earnings of 0.81 per share, indicating a year-over-year growth of 9.46%, with projected revenue of 42.2billion,a6.2742.2 billion, a 6.27% increase from the same quarter last year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at 3.33 per share and revenue at $160.49 billion, representing increases of +6.73% and +5.49% respectively from the prior year [2] - Recent changes to analyst estimates for JD.com are crucial as they reflect the evolving business trends, with positive revisions indicating a favorable business outlook [2] Valuation and Industry Ranking - JD.com currently has a Zacks Rank of 1 (Strong Buy), with a Forward P/E ratio of 8.61, which is a discount compared to its industry's Forward P/E of 21.71 [3] - The Internet - Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 54, placing it in the top 22% of over 250 industries [3]