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JD.com, Inc. (JD) Dips More Than Broader Markets: What You Should Know
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JD.com, Inc. (JD - Free Report) closed at $44.44 in the latest trading session, marking a -0.67% move from the prior day. This change lagged the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.71%, and the Nasdaq, a tech-heavy index, added 0.84%.
Coming into today, shares of the company had lost 25.22% in the past month. In that same time, the Retail-Wholesale sector lost 6.57%, while the S&P 500 lost 2%.
JD.com, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be March 9, 2023. The company is expected to report EPS of $0.52, up 48.57% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $43.18 billion, down 0.27% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for JD.com, Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. JD.com, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, JD.com, Inc. currently has a Forward P/E ratio of 16.12. Its industry sports an average Forward P/E of 20.08, so we one might conclude that JD.com, Inc. is trading at a discount comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 50, putting it in the top 20% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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JD.com, Inc. (JD) Dips More Than Broader Markets: What You Should Know
JD.com, Inc. (JD - Free Report) closed at $44.44 in the latest trading session, marking a -0.67% move from the prior day. This change lagged the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.71%, and the Nasdaq, a tech-heavy index, added 0.84%.
Coming into today, shares of the company had lost 25.22% in the past month. In that same time, the Retail-Wholesale sector lost 6.57%, while the S&P 500 lost 2%.
JD.com, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be March 9, 2023. The company is expected to report EPS of $0.52, up 48.57% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $43.18 billion, down 0.27% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for JD.com, Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. JD.com, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, JD.com, Inc. currently has a Forward P/E ratio of 16.12. Its industry sports an average Forward P/E of 20.08, so we one might conclude that JD.com, Inc. is trading at a discount comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 50, putting it in the top 20% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.