JD.Com Inc (NASDAQ:JD) Expected to Announce Earnings of $0.18 Per Share

Brokerages predict that JD.Com Inc (NASDAQ:JD) will announce earnings of $0.18 per share for the current quarter, Zacks reports. Three analysts have issued estimates for JD.Com’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.22. JD.Com posted earnings per share of $0.12 in the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The company is scheduled to report its next quarterly earnings results on Monday, November 18th.

On average, analysts expect that JD.Com will report full-year earnings of $0.95 per share for the current year, with EPS estimates ranging from $0.91 to $0.99. For the next fiscal year, analysts forecast that the business will report earnings of $1.22 per share, with EPS estimates ranging from $1.01 to $1.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow JD.Com.

JD.Com (NASDAQ:JD) last released its earnings results on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.18. JD.Com had a net margin of 1.23% and a return on equity of 7.72%. The business had revenue of $150.28 billion during the quarter, compared to analysts’ expectations of $147.44 billion. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s revenue was up 22.9% on a year-over-year basis.

Several research analysts recently issued reports on the stock. BidaskClub lowered shares of JD.Com from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Financial Group assumed coverage on shares of JD.Com in a research report on Monday, August 5th. They issued a “buy” rating and a $36.50 price target for the company. Credit Suisse Group reissued an “outperform” rating on shares of JD.Com in a research report on Wednesday, July 17th. Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research report on Tuesday, August 20th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $35.00 price target on shares of JD.Com in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. JD.Com currently has an average rating of “Buy” and a consensus price target of $32.97.

Shares of NASDAQ JD traded up $0.19 during mid-day trading on Monday, hitting $28.99. The company had a trading volume of 6,561,339 shares, compared to its average volume of 15,054,034. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.91 and a quick ratio of 0.58. The business’s 50-day simple moving average is $30.20 and its 200-day simple moving average is $29.39. JD.Com has a 12 month low of $19.21 and a 12 month high of $32.38. The firm has a market cap of $42.29 billion, a P/E ratio of -966.33 and a beta of 1.31.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. acquired a new stake in shares of JD.Com during the third quarter worth approximately $113,000. Macquarie Group Ltd. increased its holdings in shares of JD.Com by 1.8% during the second quarter. Macquarie Group Ltd. now owns 4,414,876 shares of the information services provider’s stock worth $133,726,000 after buying an additional 77,697 shares in the last quarter. River & Mercantile Asset Management LLP increased its holdings in shares of JD.Com by 11.6% during the second quarter. River & Mercantile Asset Management LLP now owns 335,611 shares of the information services provider’s stock worth $10,164,000 after buying an additional 34,830 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of JD.Com during the second quarter worth approximately $15,558,000. Finally, Rehmann Capital Advisory Group increased its holdings in shares of JD.Com by 36.6% during the second quarter. Rehmann Capital Advisory Group now owns 2,912 shares of the information services provider’s stock worth $88,000 after buying an additional 780 shares in the last quarter. 40.13% of the stock is owned by institutional investors.

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 Retail 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; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.

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Earnings History and Estimates for JD.Com (NASDAQ:JD)

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