Zacks: Analysts Anticipate JD.com, Inc. (JD) Will Announce Quarterly Sales of $16.33 Billion
Brokerages predict that JD.com, Inc. (NASDAQ:JD) will post sales of $16.33 billion for the current quarter, according to Zacks. Two analysts have made estimates for JD.com’s earnings. JD.com posted sales of $11.56 billion during the same quarter last year, which would indicate a positive year over year growth rate of 41.3%. The company is expected to report its next earnings report on Thursday, March 1st.
On average, analysts expect that JD.com will report full year sales of $16.33 billion for the current financial year, with estimates ranging from $54.23 billion to $55.06 billion. For the next financial year, analysts expect that the business will report sales of $70.80 billion per share, with estimates ranging from $68.49 billion to $73.11 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover JD.com.
JD has been the subject of several research analyst reports. Morgan Stanley downgraded shares of JD.com from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $50.00 to $52.00 in a research report on Tuesday, November 14th. UBS upgraded shares of JD.com from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. MKM Partners upgraded shares of JD.com from a “neutral” rating to a “buy” rating and upped their price target for the stock from $33.00 to $51.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. BidaskClub downgraded shares of JD.com from a “sell” rating to a “strong sell” rating in a report on Thursday, October 26th. Finally, Nomura upped their price target on shares of JD.com from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $45.65.
JD.com (NASDAQ JD) opened at $40.32 on Friday. JD.com has a 1 year low of $25.25 and a 1 year high of $48.99. The company has a market cap of $56,980.00, a P/E ratio of 2,031.50 and a beta of 1.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.79 and a current ratio of 1.12.
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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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