Analysts Anticipate JD.Com Inc (NASDAQ:JD) Will Announce Quarterly Sales of $21.72 Billion

Equities analysts predict that JD.Com Inc (NASDAQ:JD) will announce sales of $21.72 billion for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for JD.Com’s earnings, with estimates ranging from $21.40 billion to $21.94 billion. JD.Com posted sales of $18.48 billion in the same quarter last year, which would indicate a positive year over year growth rate of 17.5%. The company is expected to issue its next earnings report on Thursday, August 15th.

On average, analysts expect that JD.Com will report full-year sales of $81.27 billion for the current financial year, with estimates ranging from $78.83 billion to $82.30 billion. For the next financial year, analysts expect that the business will report sales of $96.00 billion, with estimates ranging from $93.86 billion to $97.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for JD.Com.

JD.Com (NASDAQ:JD) last announced its quarterly earnings data on Friday, May 10th. The information services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The company had revenue of $121.08 billion during the quarter, compared to the consensus estimate of $120.01 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 20.9% compared to the same quarter last year.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded JD.Com from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Thursday, July 4th. Nomura upgraded JD.Com from a “neutral” rating to a “buy” rating and set a $29.81 price objective for the company in a research report on Wednesday, May 15th. CICC Research upgraded JD.Com from a “hold” rating to a “buy” rating and set a $27.66 price objective for the company in a research report on Monday, May 13th. China International Capital upgraded JD.Com to a “buy” rating in a research report on Monday, May 13th. Finally, BidaskClub downgraded JD.Com from a “buy” rating to a “hold” rating in a research report on Thursday. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $31.18.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in shares of JD.Com by 24.4% in the second quarter. Sunbelt Securities Inc. now owns 12,995 shares of the information services provider’s stock valued at $394,000 after purchasing an additional 2,550 shares during the last quarter. Coastal Investment Advisors Inc. lifted its stake in shares of JD.Com by 29.3% in the second quarter. Coastal Investment Advisors Inc. now owns 43,942 shares of the information services provider’s stock valued at $1,339,000 after buying an additional 9,955 shares during the period. Pendal Group Ltd bought a new stake in shares of JD.Com in the second quarter valued at about $7,621,000. CWM LLC bought a new stake in shares of JD.Com in the second quarter valued at about $26,000. Finally, Ropes Wealth Advisors LLC bought a new stake in shares of JD.Com in the second quarter valued at about $30,000. Institutional investors own 48.77% of the company’s stock.

Shares of NASDAQ:JD traded down $1.30 on Thursday, reaching $28.61. 22,029,023 shares of the company traded hands, compared to its average volume of 15,553,097. JD.Com has a fifty-two week low of $19.21 and a fifty-two week high of $36.80. The firm has a 50 day simple moving average of $30.18. The stock has a market cap of $36.45 billion, a PE ratio of -953.67 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.49.

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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