Analysts Expect JD.com, Inc. (NASDAQ:JD) to Announce $0.42 Earnings Per Share

Wall Street analysts expect that JD.com, Inc. (NASDAQ:JD) will announce earnings per share (EPS) of $0.42 for the current quarter, according to Zacks. Three analysts have issued estimates for JD.com’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.41. JD.com posted earnings of $0.29 per share during the same quarter last year, which would suggest a positive year over year growth rate of 44.8%. The company is expected to announce its next quarterly earnings results on Friday, November 20th.

On average, analysts expect that JD.com will report full-year earnings of $1.54 per share for the current year, with EPS estimates ranging from $1.52 to $1.56. For the next financial year, analysts expect that the company will post earnings of $2.27 per share, with EPS estimates ranging from $2.19 to $2.31. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover JD.com.

JD.com (NASDAQ:JD) last posted its quarterly earnings data on Monday, August 17th. The information services provider reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $3.23. The company had revenue of $201.10 billion for the quarter, compared to the consensus estimate of $190.02 billion. JD.com had a return on equity of 9.53% and a net margin of 3.34%. JD.com’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 EPS.

A number of analysts recently issued reports on the company. BidaskClub raised JD.com from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 14th. Benchmark boosted their price target on JD.com from $66.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Bank of America raised JD.com to a “buy” rating and boosted their price target for the stock from $73.00 to $85.00 in a research report on Wednesday, August 19th. China Renaissance Securities boosted their price target on JD.com from $76.00 to $80.00 in a research report on Tuesday, August 18th. Finally, Citigroup boosted their price target on JD.com from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.43.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in shares of JD.com by 4.5% during the 1st quarter. State Street Corp now owns 17,965,769 shares of the information services provider’s stock valued at $727,614,000 after acquiring an additional 766,111 shares during the last quarter. Morgan Stanley increased its stake in shares of JD.com by 36.2% in the 1st quarter. Morgan Stanley now owns 4,119,403 shares of the information services provider’s stock valued at $166,837,000 after buying an additional 1,095,678 shares during the period. FNY Investment Advisers LLC increased its stake in shares of JD.com by 361.8% in the 3rd quarter. FNY Investment Advisers LLC now owns 29,233 shares of the information services provider’s stock valued at $2,268,000 after buying an additional 22,903 shares during the period. Bank of New York Mellon Corp increased its stake in shares of JD.com by 32.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,846,379 shares of the information services provider’s stock valued at $171,295,000 after buying an additional 694,461 shares during the period. Finally, Strs Ohio increased its stake in shares of JD.com by 22.2% in the 2nd quarter. Strs Ohio now owns 215,100 shares of the information services provider’s stock valued at $12,944,000 after buying an additional 39,100 shares during the period. 42.49% of the stock is owned by institutional investors.

Shares of NASDAQ:JD traded down $0.67 during midday trading on Friday, reaching $80.67. The company had a trading volume of 219,681 shares, compared to its average volume of 14,682,490. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $77.64 and its 200 day moving average price is $62.58. The stock has a market cap of $118.66 billion, a PE ratio of 40.49, a P/E/G ratio of 1.35 and a beta of 0.97. JD.com has a 1-year low of $30.84 and a 1-year high of $86.58.

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.

Further Reading: Analyst Ratings Trading

Get a free copy of the Zacks research report on JD.com (JD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for JD.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JD.com and related companies with MarketBeat.com's FREE daily email newsletter.