Zacks: Analysts Expect JD.Com Inc (NASDAQ:JD) Will Post Quarterly Sales of $18.40 Billion

Brokerages expect JD.Com Inc (NASDAQ:JD) to report sales of $18.40 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for JD.Com’s earnings. The highest sales estimate is $18.62 billion and the lowest is $18.25 billion. JD.Com posted sales of $15.25 billion during the same quarter last year, which suggests a positive year over year growth rate of 20.7%. 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 sales of $80.51 billion for the current fiscal year, with estimates ranging from $79.74 billion to $82.06 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $94.57 billion, with estimates ranging from $92.88 billion to $95.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow JD.Com.

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

A number of analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of JD.Com in a report on Monday, August 5th. They set a “buy” rating and a $36.50 price objective on the stock. Zacks Investment Research raised shares of JD.Com from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, August 20th. Barclays assumed coverage on shares of JD.Com in a report on Monday, August 19th. They set an “equal weight” rating and a $36.00 price objective on the stock. Citigroup reissued a “buy” rating and set a $43.00 price objective (up previously from $41.00) on shares of JD.Com in a report on Wednesday, August 14th. Finally, Mizuho raised their price objective on shares of JD.Com from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $32.97.

JD stock traded down $0.14 during midday trading on Wednesday, reaching $28.85. 9,093,522 shares of the company were exchanged, compared to its average volume of 15,023,156. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91. JD.Com has a 1-year low of $19.21 and a 1-year high of $32.38. The stock’s 50-day simple moving average is $30.08 and its 200 day simple moving average is $29.41. The company has a market cap of $42.09 billion, a price-to-earnings ratio of -961.67 and a beta of 1.31.

Hedge funds and other institutional investors have recently modified their holdings of the business. NEXT Financial Group Inc purchased a new stake in shares of JD.Com during the 2nd quarter worth $25,000. CWM LLC purchased a new stake in shares of JD.Com during the 2nd quarter worth $26,000. WealthStone Inc. purchased a new stake in shares of JD.Com during the 2nd quarter worth $28,000. Ropes Wealth Advisors LLC purchased a new stake in shares of JD.Com during the 2nd quarter worth $30,000. Finally, Synovus Financial Corp raised its stake in shares of JD.Com by 50.5% during the 1st quarter. Synovus Financial Corp now owns 2,146 shares of the information services provider’s stock worth $64,000 after buying an additional 720 shares during the last quarter. Institutional investors own 40.12% of the company’s stock.

About JD.Com

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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