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

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Analysts predict that JD.Com Inc (NASDAQ:JD) will announce $18.40 billion in sales for the current quarter, according to Zacks. Three analysts have issued 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 would indicate a positive year-over-year growth rate of 20.7%. The business is scheduled to announce its next quarterly earnings report on Monday, November 18th.

According to Zacks, analysts expect that JD.Com will report full year sales of $80.51 billion for the current financial year, with estimates ranging from $79.74 billion to $82.06 billion. For the next fiscal year, analysts anticipate that the company will report sales of $94.57 billion, with estimates ranging from $92.88 billion to $95.87 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow JD.Com.

JD.Com (NASDAQ:JD) last posted its quarterly earnings data on Tuesday, August 13th. The information services provider reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.18. The company 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%. JD.Com’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share.

Several brokerages have recently weighed in on JD. Stifel Nicolaus restated a “hold” rating and set a $35.00 price target on shares of JD.Com in a report on Tuesday, August 13th. Mizuho lifted their price objective on JD.Com from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Zacks Investment Research raised JD.Com from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, August 20th. Credit Suisse Group reissued an “outperform” rating on shares of JD.Com in a research report on Wednesday, July 17th. Finally, Loop Capital assumed coverage on JD.Com in a research report on Monday, June 3rd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.97.

JD stock traded down $0.29 on Monday, reaching $31.23. The company’s stock had a trading volume of 6,832,164 shares, compared to its average volume of 11,691,230. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 0.91. The firm has a market cap of $37.41 billion, a PE ratio of -1,041.00 and a beta of 1.38. The business has a fifty day simple moving average of $29.85 and a two-hundred day simple moving average of $29.18. JD.Com has a 12-month low of $19.21 and a 12-month high of $32.38.

Large investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of JD.Com by 7.2% during the 2nd quarter. BlackRock Inc. now owns 42,098,667 shares of the information services provider’s stock worth $1,275,167,000 after purchasing an additional 2,832,447 shares during the period. Viking Global Investors LP increased its stake in JD.Com by 175.5% in the second quarter. Viking Global Investors LP now owns 31,821,898 shares of the information services provider’s stock valued at $963,885,000 after purchasing an additional 20,269,351 shares in the last quarter. Invesco Ltd. increased its stake in JD.Com by 31.9% in the second quarter. Invesco Ltd. now owns 30,060,389 shares of the information services provider’s stock valued at $910,528,000 after purchasing an additional 7,267,968 shares in the last quarter. Vanguard Group Inc. increased its position in shares of JD.Com by 0.8% during the second quarter. Vanguard Group Inc. now owns 28,912,952 shares of the information services provider’s stock worth $875,773,000 after acquiring an additional 236,922 shares in the last quarter. Finally, Hillhouse Capital Advisors LTD. boosted its holdings in JD.Com by 4.7% during the second quarter. Hillhouse Capital Advisors LTD. now owns 15,750,469 shares of the information services provider’s stock worth $477,082,000 after purchasing an additional 709,226 shares during the last quarter. 50.17% of the stock is owned by institutional investors.

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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