JD com JD Earnings Date and Reports 2024
As such, continued declines could signal a cyclical high in Deere’s revenue and earnings — something to look out for. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. Below are the latest news stories about JDCOM INC that investors may wish to consider to help them evaluate JD as an investment opportunity. And, you’ll also discover if the current stock market trend is conducive to buying stocks, or if it’s an environment where you want to take defensive action and sell.
- Multiple factors, including financial performance, market sentiment, and overall economic conditions, have influenced JD.com’s recent stock performance.
- Below are the latest news stories about JDCOM INC that investors may wish to consider to help them evaluate JD as an investment opportunity.
- The unresolved threat of U.S. regulators delisting Chinese stocks still looms over the entire sector, while rising interest rates will keep investors glued to more conservative investments for at least a few more quarters.
- “We have a robust pipeline from across sectors and geographies,” Tuttle said at the Reuters Global Markets Forum ahead of the World Economic Forum’s annual meeting in Davos.
This is near to the trough levels in July 2021 when the Chinese government announced that the after-school tutoring industry must become non-profit, as well as in November 2018 at the height of the U.S.-China trade tensions. At the same time, JD’s book value has risen over the years and it more than doubled from two years ago. JD’s market cap has also climbed steadily from late 2018 to early 2021, quadrupling in that period.
The wave of antitrust and regulatory actions by China now underway initially emerged in November 2020. That’s when China halted the planned initial public offering of Ant Group, a financial technology giant spun off from Alibaba. Economic fluctuations, supply-chain shortages, the pandemic, weak consumer demand and rising prices of raw materials have all applied pressure. Furthermore, corporate social responsibility is becoming increasingly important for companies operating in China. A recent August 24, 2021 Bloomberg article was titled as “Country Now Comes Before Profit For Companies in Xi’s China”, which clearly illustrates how Chinese companies’ priorities have to change. It is possible that JD might have to decrease its take rate for merchants to support smaller businesses run by ordinary folks in the country.
JD.com’s earnings are expected to decrease from $2.69 per share to $2.61 per share in the next year, which is a -2.97% change. Alibaba’s news that it won’t spin off its cloud unit due to expanded U.S. export https://forex-review.net/ controls on chips is hurting shares. U.S. securities regulators levied fines totaling more than $7 million against three China-based auditors for a variety of offenses including issuing a false audit report.
Energy leads Tuesday’s sector losses
In summary, JD.com would have been worth investing in as a business, if the company had limited exposure to regulatory & policy risks which is unfortunately not the case. Separately, China is also placing a greater emphasis on data security, as evidenced by the recent cybersecurity review that newly-listed ride-hailing firm DiDi Global (DIDI) was subject to. Many of the Chinese technology firms are quite reliant on revenue from advertising which involves the extensive collection & analysis of user data.
To answer the question of whether JD.com is worth investing in, it is necessary to review the company’s recently announced Q financial results, and also assess the stock’s exposure to regulatory & policy risks in China. Apart from AMZN, JD has outperformed the major international e-commerce stocks in the past year. Shopify Inc., luno exchange review Etsy Inc. (ETSY), Sea Limited (SE), and MercadoLibre Inc. (MELI) have seen their share prices decline 29.4 percent to 45.1 percent in the past year while JD is down 27.3 percent. As the Chinese e-commerce and retail market becomes more competitive, JD’s expansion overseas could provide a positive boost to its revenue growth.
Is JD.Com Stock A Buy, Sell, Or Hold Now? It’s A Tough Call
Multiple factors, including financial performance, market sentiment, and overall economic conditions, have influenced JD.com’s recent stock performance. Positive earnings reports and strategic announcements have typically led to stock price appreciation, whereas unexpected challenges or external factors may result in short-term fluctuations. It’s essential to consider the stock’s performance in the context of the broader market and the e-commerce industry to make well-informed investment decisions. Investment firm Jefferies cut its price target on JD.com (JD) to $80 from $97, noting that revenue growth is likely to remain flat in the coming quarter. JD.com has not yet scheduled third-quarter earnings results but a consensus of analysts expect the company to earn 81 cents per share on $34.74B in revenue. But as I stressed in this article, JD.com’s future net profit margins are going to be heavily influenced by new policies & regulations in China.
JD Dividends
Expectations for general business expectations, new orders and shipments all improved from December. The stock has been under added pressure since being downgraded by both Piper Sandler and Barclays earlier in January. Both firms cited concern over the company’s sales growth moving forward.
JD.com, Inc. (JD): Price and Financial Metrics
JD’s new businesses segment (which includes its cloud, fintech, and healthcare units) and its stake in the online grocer Dada also continue to bleed red ink, but it narrowed most of those losses over the past year. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for JD.com and its competitors with MarketBeat’s FREE daily newsletter.
The firm earned $247.70 billion during the quarter, compared to analyst estimates of $246.99 billion. JD.com has generated $2.11 earnings per share over the last year ($2.11 diluted earnings per share) and currently has a price-to-earnings ratio of 10.6. Earnings for JD.com are expected to decrease by -2.97% in the coming year, from $2.69 to $2.61 per share. JD.com has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, March 14th, 2024 based off prior year’s report dates.
Raso’s concern is that slowing production levels in South America will lead to lower sales volumes in key markets like Brazil. Clearly, the difference between the analysts’ price target and today’s market price has to do with the multiple investors are willing to pay. He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market.
The overall quant rating is not an average of the factor grades listed. Rather the metrics with the strongest predictive value have a greater weight. Also, we should note that JD has its factor grade for revisions upgraded from D to A, a substantial jump in six months, and despite ongoing regulatory headwinds facing Chinese internet stocks.
“Given the Fed’s recent pivot, subsequent decline in rate expectations, and above-trend 2024 EPS revisions, we now embrace this upside scenario as our base case,” strategist Jonathan Golub wrote in a Tuesday note. “While earnings should drive 2024 returns, falling interest rates should support incrementally higher multiples.” The firm lifted its year-end target on the S&P 500 from 4,850 to 5,150, representing 7.7% upside for the benchmark stock index from Friday’s close. The ongoing decline in crop prices is probably more of a concern because farmers’ spending on equipment tends to follow their crop income, and crop prices usually lead that.
JD.com’s strong logistics network provides a competitive edge compared to its peers, enabling faster and more reliable deliveries. Its strategic partnerships with leading companies have also expanded its market positioning. Analysts polled by LSEG expected a profit of $3.51 per share, but it wasn’t clear if that estimate was comparable. Oil prices fell Tuesday as the U.S dollar grew stronger after a Federal Reserve official indicated the central bank may not cut rates as aggressively as the market expects.
The Dow Jones Industrial Average fell Tuesday as bond yields ticked higher and Wall Street pored through the latest batch of fourth-quarter earnings. Evercore ISO (EVR 1.26%) analyst David Raso cut his price target to $424 from $456 and downgraded the stock to in-line from outperform. Based on the opportunities, growth, and margin considerations, JD.com looks like a good stock to own. However, as the narrative for Chinese stocks has shifted, it’s difficult to say how soon things will get better. According to many market experts, the situation might get a whole lot worse before getting any better.
2022-06-27
