Under his guidance, the company has experienced tremendous growth and has become a prominent player in the e-commerce industry. The Chief Executive Officer and Executive Director, Ms. Ran Xu, brings experience driving operational excellence and customer-centric strategies. The management team comprises professionals with diverse backgrounds and expertise in technology, logistics, finance, and marketing. Their collective efforts have contributed to the company’s success and its ability to stay ahead in the competitive market. Earlier today, JD.com reported that, although it had surpassed analyst expectations for earnings, revenue growth is slowing.
- The company’s robust EBITDA growth indicates its ability to generate significant earnings before accounting for interest, taxes, depreciation, and amortization.
- Its industry sports an average Forward P/E of 18.68, so one might conclude that JD.com, Inc. is trading at a discount comparatively.
- Since then, JD stock has decreased by 23.1% and is now trading at $22.22.
- The Internet – Commerce industry is part of the Retail-Wholesale sector.
However, JD’s first-party marketplace takes on its own inventories and operates at much lower margins than Alibaba and Pinduoduo, which don’t take on any inventories for their third-party marketplaces. JD offsets some of that pressure by providing its own logistics services, which were expanded by years of big investments, to external customers. Whatever is fueling the workforce downsizing in tech, Wall Street has taken notice. The S&P 500 has notched multiple all-time highs this month, led by the so-called Magnificent Seven technology stocks.
News
Additionally, China recently ended its regulatory overhaul on fintech affiliate Ant Group by imposing a penalty of 7.12 billion yuan ($984 million). A Chinese court has sided with online giant JD.com in a long running antimonopoly case against its rival Alibaba, the company announced on Friday, years after Beijing launched a tough regulatory crack… Latest economic figures from Beijing were a disappointment and the outlook this year doesn’t look much better. The company already has several listed affiliates, including JD Health International Inc and JD Logistics Inc, both in Hong Kong. In 2023, another two subsidiaries — Jingdong Property Inc and Jingdong Industrials Inc — applied for listing on the Hong Kong Stock Exchange. We’d like to share more about how we work and what drives our day-to-day business.
This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The average PEG ratio for the Internet https://traderoom.info/ – Commerce industry stood at 0.58 at the close of the market yesterday. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future.
Despite intensified competition and restructuring impact, Citigroup analysts believe JD’s overall 6.18 performance will likely exceed their initial 2-5% yoy growth estimate. Chinese retail sales grew 12.7% in May but were down from April, along with disappointing data on unemployment and investment, indicating the second-largest economy’s struggle to regain footing. According to analysts, JD.com’s stock has a predicted upside of 48.64% based on their 12-month stock forecasts. The consensus rating for JD.com is Moderate Buy while the average consensus rating for retail/wholesale companies is Hold.
According to data from S&P Global Market Intelligence, the stock finished down 20% in August. As you can see from the chart below, the stock slumped through most of the first half of the month before stabilizing in the second half. Alibaba’s news that it won’t spin off its cloud unit due to expanded U.S. export controls on chips is hurting shares.
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Peter Cowgill has an approval rating of 62% among the company’s employees. This puts Peter Cowgill in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies.
JD.com (JD) News Today
Upgrade to MarketBeat All Access to add more stocks to your watchlist. Don’t forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. The Internet – Commerce industry is part of the Retail-Wholesale fp markets review sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 37% of over 250 industries. The latest trading session saw JD.com, Inc. (JD) ending at $22.55, denoting a -0.88% adjustment from its last day’s close.
The company’s net income also surged significantly, highlighting its profitability and efficient cost management strategies. Moreover, JD.com’s net profit margin substantially improved, reflecting better operational efficiency and profitability. The company’s robust EBITDA growth indicates its ability to generate significant earnings before accounting for interest, taxes, depreciation, and amortization.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Multiple factors, including financial performance, market sentiment, and overall economic conditions, have influenced JD.com’s recent stock performance.
All of the major tech companies conducting another wave of layoffs this year are sitting atop mountains of cash and are wildly profitable, so the job-shedding is far from a matter of necessity or survival. Amid President Xi Jinping’s visit to the U.S., two major Chinese firms saw exciting earnings beats. Both Tencent (TCEHY) and JD.com (JD) reported Q3 financial results that beat analysts’ expectations. Therefore, JD looks reasonably valued — but not cheap — relative to its peers. It also plans to invest $1.5 billion in a new subsidiary that will focus on selling cheaper products — which suggests it’s struggling to keep pace with Pinduoduo in China’s lower-end market. However, China’s entire e-commerce sector could still heat up again this year as China ends its zero-COVID policies and the macro environment stabilizes.
Elsewhere, the Dow saw a downswing of 0.82%, while the tech-heavy Nasdaq depreciated by 2.23%.
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The Chinese e-commerce giant’s revenue rose 7% year over year to 295.4 billion yuan ($42.8 billion) and beat analysts’ estimates by $190 million. Its adjusted net income grew 64% to 28.2 billion yuan ($4.1 billion), or $0.70 per ADS, and cleared the consensus forecast by $0.20. 15 Wall Street analysts have issued 1-year target prices for JD.com’s stock. On average, they anticipate the company’s stock price to reach $42.00 in the next twelve months.
Over the past month, the Zacks Consensus EPS estimate has moved 3.45% higher. And as Wall Street rallies on news of laid-off tech employees, more and more tech companies axe workers. On the bottom line, the company per-share profit jumped by 51.5% to $0.74, ahead of the consensus at $0.66.
And even the hint of a price war can send them running for the exits. Many of JD.com’s shareholders decided to do just that and sell their shares today. Valuations in the Chinese stock market are collapsing in the new year, heaping more pressure on shares of some of the most respectable companies trading in the world’s second-largest economy. The leading online commerce firm also aims to have three companies with sales exceeding 1 trillion yuan and a net profit of more than 70 billion yuan.