$36.95 billion in sales expected for JD.com, Inc. (NASDAQ:JD) this quarter

Wall Street analysts expect JD.com, Inc. (NASDAQ: J.D.Get a rating) to show $36.95 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts provided earnings estimates for JD.com. The highest sales estimate is $37.03 billion and the lowest is $36.79 billion. JD.com reported sales of $31.01 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 19.2%. The company is expected to announce its next quarterly results before the market opens on Monday, January 1.

According to Zacks, analysts expect JD.com to post annual revenue of $173.39 billion in the current fiscal year, with estimates ranging from $169.76 billion to $175.60. billions of dollars. For the next fiscal year, analysts expect the company to post sales of $204.85 billion, with estimates ranging from $198.46 billion to $214.11 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts who follow JD.com.

JD.com (NASDAQ: J.D.Get a rating) last released its quarterly earnings data on Thursday, March 10. The information services provider reported earnings per share (EPS) of $0.09 for the quarter, missing the consensus estimate of $0.10 per ($0.01). The company posted revenue of $275.91 billion in the quarter, versus analyst estimates of $273.82 billion. JD.com posted a negative net margin of 0.39% and a positive return on equity of 3.92%. The company’s revenues increased by 23.0% compared to the same quarter last year. During the same period last year, the company achieved EPS of $0.09.

JD has been the subject of several research reports. TheStreet downgraded shares of JD.com from a “b-” rating to a “c” rating in a Monday, March 14 report. StockNews.com began covering JD.com shares in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Barclays lowered its price target on JD.com shares from $103.00 to $99.00 and set an “overweight” rating on the stock in a Friday, March 11 report. Mizuho cut its price target on JD.com shares from $100.00 to $90.00 in a Monday, May 2 report. Finally, JPMorgan Chase & Co. downgraded JD.com shares from an “overweight” rating to an “underweight” rating in a Monday, March 14 research report. Three research analysts have assigned the stock a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned the company’s stock a strong buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $95.87.

Hedge funds have recently changed their positions in the business. Saban Cheryl acquired a new stake in JD.com in Q3 worth $29,000. Future Financial Wealth Management LLC bought a new position in JD.com during Q4 worth $34,000. Industrial Alliance Investment Management Inc. acquired a new stake in JD.com stock in Q4 worth $39,000. Ahrens Investment Partners LLC purchased a new stake in JD.com stock in Q4 for $41,000. Finally, First Command Financial Services Inc. purchased a new stake in JD.com stock in Q4 for $46,000. 31.57% of the shares are held by institutional investors.

Action JD.com opened at $55.61 on Friday. The stock has a 50-day moving average of $59.14 and a 200-day moving average of $70.41. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt ratio of 0.04. JD.com has a 52-week low of $41.56 and a 52-week high of $92.69. The stock has a market capitalization of $74.34 billion, a P/E ratio of -146.34 and a beta of 0.57.

About JD.com (Get a rating)

JD.com, Inc provides supply chain-based technologies and services in the People’s Republic of China. It operates through three segments: JD Retail, JD Logistics and New Businesses. The Company offers computers, communication and consumer electronics products, as well as home appliances; and general merchandise including food, beverages and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and health products, books , automotive accessories, clothing and footwear, bags and jewelry.

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