$15.10 Billion in Sales Expected for JD.Com Inc (JD) This Quarter
Wall Street analysts expect JD.Com Inc (NASDAQ:JD) to report $15.10 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for JD.Com’s earnings. The lowest sales estimate is $14.98 billion and the highest is $15.21 billion. JD.Com reported sales of $11.07 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 36.4%. The firm is scheduled to issue its next quarterly earnings results on Monday, May 14th.
According to Zacks, analysts expect that JD.Com will report full year sales of $15.10 billion for the current financial year, with estimates ranging from $71.52 billion to $74.04 billion. For the next year, analysts anticipate that the business will post sales of $90.84 billion per share, with estimates ranging from $89.07 billion to $91.87 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow JD.Com.
JD.Com (NASDAQ:JD) last posted its earnings results on Friday, March 2nd. The information services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $110,165.33 billion for the quarter, compared to analysts’ expectations of $108.88 billion. JD.Com had a positive return on equity of 2.38% and a negative net margin of 0.05%. The company’s revenue was up 38.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rovida Advisors Inc. bought a new position in JD.Com in the third quarter valued at $43,403,000. Russell Investments Group Ltd. increased its stake in JD.Com by 38.4% in the third quarter. Russell Investments Group Ltd. now owns 2,297,335 shares of the information services provider’s stock valued at $87,748,000 after acquiring an additional 637,176 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in JD.Com by 26.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 143,610 shares of the information services provider’s stock valued at $5,486,000 after acquiring an additional 30,310 shares during the last quarter. CIBC Asset Management Inc increased its stake in JD.Com by 4.3% in the fourth quarter. CIBC Asset Management Inc now owns 47,332 shares of the information services provider’s stock valued at $1,960,000 after acquiring an additional 1,932 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in JD.Com by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 2,742,240 shares of the information services provider’s stock valued at $104,753,000 after acquiring an additional 346,154 shares during the last quarter. 43.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of JD.Com (NASDAQ JD) opened at $45.71 on Friday. The stock has a market capitalization of $65,550.00, a price-to-earnings ratio of 4,571.00 and a beta of 1.51. JD.Com has a 12-month low of $29.88 and a 12-month high of $50.68. The company has a current ratio of 0.97, a quick ratio of 0.79 and a debt-to-equity ratio of 0.21.
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JD.Com Company Profile
JD.com, Inc is an online direct sales company. The Company engages in the sale of electronics and home appliance products and general merchandise products (including audio, video products and books) sourced from manufacturers, distributors and publishers in China on the Internet through its Website, www.jd.com.
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