$21.72 Billion in Sales Expected for JD.Com Inc (NASDAQ:JD) This Quarter
Wall Street analysts expect that JD.Com Inc (NASDAQ:JD) will announce $21.72 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for JD.Com’s earnings. The highest sales estimate is $21.94 billion and the lowest is $21.40 billion. JD.Com reported sales of $18.48 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The business is expected to announce its next quarterly earnings report on Thursday, August 15th.
According to Zacks, 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 company will report sales of $96.00 billion, with estimates ranging from $93.86 billion to $97.98 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow JD.Com.
JD.Com (NASDAQ:JD) last issued its quarterly earnings data on Friday, May 10th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.15. The company had revenue of $121.08 billion during the quarter, compared to analysts’ expectations of $120.01 billion. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The business’s revenue was up 20.9% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share.
Shares of NASDAQ JD traded down $0.97 during midday trading on Thursday, reaching $30.42. 7,999,423 shares of the company traded hands, compared to its average volume of 15,526,754. The firm has a market capitalization of $37.79 billion, a price-to-earnings ratio of -1,014.00 and a beta of 1.42. The business’s 50-day moving average price is $30.10. JD.Com has a 12 month low of $19.21 and a 12 month high of $36.89. The company has a current ratio of 0.83, a quick ratio of 0.49 and a debt-to-equity ratio of 0.21.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in JD.Com by 11.6% in the 1st quarter. BlackRock Inc. now owns 39,266,220 shares of the information services provider’s stock valued at $1,183,877,000 after acquiring an additional 4,066,194 shares in the last quarter. Norges Bank bought a new stake in JD.Com in the 4th quarter valued at approximately $199,040,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in JD.Com by 82.4% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,517,827 shares of the information services provider’s stock valued at $106,062,000 after acquiring an additional 1,589,432 shares in the last quarter. Krane Funds Advisors LLC lifted its stake in JD.Com by 10.9% in the 1st quarter. Krane Funds Advisors LLC now owns 3,318,275 shares of the information services provider’s stock valued at $100,046,000 after acquiring an additional 326,705 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. lifted its stake in JD.Com by 6.1% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,239,627 shares of the information services provider’s stock valued at $97,675,000 after acquiring an additional 185,500 shares in the last quarter. Institutional investors and hedge funds own 48.77% of the company’s stock.
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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