JD.com, Inc. (JD - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this company have returned -15.6%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Internet - Commerce industry, which JD.com falls in, has lost 6.2%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
JD.com is expected to post earnings of $0.96 per share for the current quarter, representing a year-over-year change of +84.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -10.2%.
For the current fiscal year, the consensus earnings estimate of $3.19 points to a change of +25.1% from the prior year. Over the last 30 days, this estimate has changed +1.7%.
For the next fiscal year, the consensus earnings estimate of $3.73 indicates a change of +17% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed +0.6%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JD.com.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For JD.com, the consensus sales estimate for the current quarter of $45.85 billion indicates a year-over-year change of +9.1%. For the current and next fiscal years, $202.28 billion and $212.68 billion estimates indicate +10.1% and +5.1% changes, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $51.05 billion in the last reported quarter, representing a year-over-year change of +2.5%. EPS of $0.93 for the same period compares with $0.69 a year ago.
Compared to the Zacks Consensus Estimate of $51.55 billion, the reported revenues represent a surprise of -0.96%. The EPS surprise was +8.14%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Fox News contributor Ben Domenech joins David Asman to discuss JD Vance's foreign policy remarks and Kamala Harris's comments on campaigning. They analyze the Democratic strategy ahead of the midterm elections.
A joint venture comprising six companies said on Monday it plans to invest HK$16.8 billion ($2.14 billion) in the newly awarded pilot development area in Hong Kong's Northern Metropolis, a mega project bordering mainland China.
The six companies include Chinese state-owned property developers China Overseas Land & Investment (0688.HK), China Merchants Land (0978.HK), China Resources Land (Overseas) and Hong Kong peer Sino Land (0083.HK).
Another two companies are China's state-owned tourism enterprise CTG Investment Management and e-commerce giant JD.com Inc (9618.HK).
The joint venture plans to develop a large-scale modern logistics hub with residential and community commercial facilities.
It expects the logistic facility will begin operations in 55 months.
Hong Kong's Northern Metropolis, spanning 30,000 hectares (116 square miles), aims to bolster the city's technological collaboration and linkages with mainland China.
The joint venture won the tender of the project on Monday for HK$1 billion.
‘The Big Short' investor Michael Burry has revealed a major change to his Chinese stock portfolio, fully exiting Alibaba (NYSE: BABA) and significantly increasing his position in JD.com (NASDAQ: JD).
Employees work as parcels move along conveyor belts at the JD.com sorting center in Beijing, China, November 11, 2025. REUTERS/Maxim Shemetov Purchase Licensing Rights, opens new tab
BEIJING, Aug 19 (Reuters) - China said on Wednesday that a European Union investigation into Chinese e-commerce giant JD.com (9618.HK), opens new tab constituted "improper extraterritorial jurisdiction" and ordered entities not to implement or assist with the probe.
The order, issued by the justice ministry, is the second time that China has invoked its regulations countering "unlawful extraterritorial jurisdiction measures". Introduced in April, the regulations expanded Beijing's economic pressure toolkit amid strained ties with trading partners including the EU.
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The European Commission opened an investigation in May into JD.com's $2.5 billion bid for German electronics retailer Ceconomy (CECG.DE), opens new tab under the Foreign Subsidies Regulation, citing concerns that JD.com might have received foreign subsidies that could distort the bloc's market.
The EU probe demanded from a Chinese entity "extensive and unnecessary" information from within China, China's justice ministry said in a separate statement, calling the demand "a serious violation of the international rule of law".
"If the EU persists in its unilateral actions, China will resolutely retaliate in accordance with the law," the ministry said.
China issued a similar order in May against an EU investigation into Chinese security firm Nuctech.
Reporting by Yukun Zhang, Xiuhao Chen and Liz Lee; Editing by Mark Potter and Emelia Sithole-Matarise
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Qwen is the story of Alibaba's (BABA) growth, says Dave Nicholson of Futurum. He adds that it raises "huge price pressure" concerns for Alphabet (GOOGL) and Meta Platforms (META) as Alibaba's model threatens to take more market share.
JD.com, Inc. remains under pressure as core retail revenue declined 4.7% y/y, mainly due to weak electronics and home appliance sales. Despite margin improvement and a headline earnings beat, JD's retail weakness and China's soft macro environment create a persistent overhang. We maintain a Neutral rating on JD stock: valuation is cheap at 7x forward earnings, supported by a strong net cash position and 5–6% shareholder yield.
JD.com, Inc. (NASDAQ:JD) says its massive artificial intelligence (AI) spending is paying off, offering a rare bright spot as many global corporations struggle to turn AI adoption into bottom-line profits.
During its second-quarter earnings call, the Chinese e-commerce giant said its investments in generative AI are beginning to show results. Improved customer experience, advertising efficiency, and a reshaped cost structure are among the areas it mentioned.
“Our deep integration of AI is delivering measurable progress, enhancing customer satisfaction while structurally refining our cost structure,” CEO Sandy Ran Xu said during the earnings call.
Xu also pointed to AI-enhanced product search and recommendations, as well as supply chain operations. Rather than treating AI as a standalone initiative, JD.com is embedding the technology into day-to-day operations, she explained.
Advertising Is Emerging as a Key AI Use CaseAmong the areas seeing tangible benefits is JD.com’s advertising business.
CFO Ian Su Shan said the company has been “driving ad distribution efficiency by integrating AI into our algorithms,” which has improved how advertisements are matched with consumers and enhanced overall marketing effectiveness.
That matters because advertising is a higher-margin business than traditional online retail. As AI improves targeting and campaign performance, it could help drive both revenue growth and profitability without requiring a proportional increase in operating costs.
JD.com also said AI is supporting improvements in customer interactions and logistics, reinforcing its broader strategy of using automation to streamline operations rather than simply adding new AI-powered products.
A Sign That AI Spending Is Beginning to Pay OffThe comments come as investors increasingly question whether Big Tech’s multibillion-dollar AI investments can generate meaningful returns.
JD.com’s management suggested the company is beginning to move beyond the investment phase.
“These investments are gradually translating into operational benefits,” Shan said, adding that AI is contributing to improvements across multiple parts of the business instead of delivering value through a single application.
While the company did not quantify the financial impact of those gains, the earnings call offered one of its clearest indications yet that management considers AI to be a source of measurable operational improvement rather than simply a future growth initiative.
The AI, ROI DisconnectJD.com is defying broader corporate trends where AI spending has yet to translate into major bottom-line gains. According to 2025 research from McKinsey & Company, nearly eight in 10 companies using generative A.I. have reported "no significant bottom-line impact."
The core disconnect McKinsey flagged in mid-2025 is still very much alive heading into late 2026 — it just looks a little different now.
McKinsey’s own follow-up survey (fielded June–July 2025, a bit after the piece you cited) found adoption climbing even further, with 88% of organizations now using AI in at least one business function, up from 78% previously. But the value side barely budged: only 39% of respondents attribute any enterprise-level EBIT impact to AI at all, and most of those say it’s under 5% of EBIT.
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JD.com | Photo courtesy: Tada Images / Shutterstock.com
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Key Takeaways JD expects retail revenues to return to growth in Q3 after a 4.7% YoY decline in Q2.JD.com's retail gross margin rose 1.3 points to 18.5%, while operating margin reached 4.6%.JD.com cut food-delivery losses by over 50% as subsidies fell and delivery efficiency improved. JD.com, Inc. (JD - Free Report) used its second-quarter 2026 earnings call to frame the quarter as a profitability inflection while signaling that JD Retail should return to positive revenue growth in the third quarter. Management tied the expected recovery to easing comparison pressure, supply-chain execution and healthy general merchandise growth.
The company’s second-quarter non-GAAP earnings per ADS of $0.93 topped the Zacks Consensus Estimate of $0.86. However, revenues of $51.1 billion missed the $51.55 billion estimate. Management emphasized margin durability, food-delivery loss reduction and second-half growth.
JD Eyes a Q3 Retail Growth PivotChief executive officer (CEO) Sandy Xu said JD Retail's momentum improved in June and expects the segment to return to positive revenue growth in the third quarter after second-quarter revenues fell 4.7% year over year.
In Q&A, a UBS analyst asked about the electronics and home appliance outlook. The CEO said growth should improve as last year's trade-in comparison base normalizes, while inventory management helps cushion component-driven price pressure.
Xu also expects general merchandise to maintain healthy growth, supported by supermarkets and third-party participation. JD Retail's third-party GMV has outpaced first-party GMV for three consecutive quarters.
JD.com Protects Margin Through Mix and EfficiencyChief financial officer (CFO) Ian Shan highlighted JD Retail's gross margin of 18.5%, up 1.3 percentage points year over year, and a 4.6% operating margin, a record for peak promotional seasons.
The CFO tied the improvement to supply-chain efficiency, better product margins, commissions and advertising, while marketing efficiency created room for higher AI-focused research and development spending.
In Q&A, a Jefferies analyst asked about the second-half margin outlook. Shan said JD Retail’s gross margin should keep improving and reiterated a long-term high-single-digit margin target, even as research and development expenses continue growing.
JD Food Delivery Losses Keep NarrowingCEO Xu said JD Food Delivery cut losses by more than 50% year over year while maintaining healthy order growth, aided by lower subsidy per order, better delivery efficiency and growing commission and advertising revenues.
CFO Shan said New Businesses' operating loss narrowed to RMB9.9 billion in the second quarter, and food-delivery losses should decline substantially year over year in the second half.
In Q&A, a Citi analyst asked about food-delivery scale and synergies. CEO Xu emphasized cross-sell, user acquisition and fulfillment integration with logistics while keeping scale growth tied to unit economics improvement.
JD.com Sees More Advertising UpsideCEO Xu said monthly active users, quarterly active customers and Plus members all grew at double-digit rates, while management is shifting from rapid acquisition toward improving user quality and lifetime value.
CFO Shan noted marketplace and marketing revenues rose 8.3% year over year, faster than total revenues, with advertising showing stronger momentum.
In Q&A, a Citi analyst asked about second-half monetization. The CFO said advertising growth should accelerate as sales recover, supported by AI-driven targeting, general merchandise mix and incremental traffic from food delivery.
JD Balances Overseas Expansion and ReturnsA Goldman Sachs analyst asked whether stronger free cash flow could support a formal shareholder-return ratio. CFO Shan reiterated a flexible mix of reinvestment, dividends and share repurchases focused on long-term total shareholder returns.
The CFO said JD repurchased $1 billion of shares in the first half, equal to about 2.5% of outstanding ordinary shares at year-end 2025, with roughly $1 billion remaining under the program.
On Joybuy, CEO Xu said revenues doubled within two quarters, and investment will rise as service coverage expands, but spending will remain disciplined and manageable while unit economics improve.
JD.com Keeps the Focus on Profitable GrowthManagement's second-half message centered on reaccelerating revenue alongside continued efficiency gains. CEO Xu emphasized supply-chain execution, AI integration and financial discipline across new businesses.
CFO Shan said the group expects profit growth to accelerate in the second half, supported by core retail health and narrower new-business losses.
JD’s Zacks Rank & Style Scores Show Mixed SignalsJD currently carries a Zacks Rank #3 (Hold), and A grades for Value, Growth, Momentum and VGM Score. Under the Zacks Style Score framework, A is the strongest grade, and favorable style scores complement the rank.
The combination reflects broad style strength but lacks the higher timeliness associated with Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks. The Zacks Rank can change as earnings estimates are revised following the just-reported results. You can see the complete list of today’s Zacks #1 Rank stocks here.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about JD.com, Inc. (JD - Free Report) .
JD.com currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy.
Of the 24 recommendations that derive the current ABR, 19 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 79.2% and 8.3% of all recommendations.
Brokerage Recommendation Trends for JD
Check price target & stock forecast for JD.com here>>>
While the ABR calls for buying JD.com, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Should You Invest in JD?Looking at the earnings estimate revisions for JD.com, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.14.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JD.com. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for JDcom.
Key Takeaways JD.com posted a 26.6% earnings gain as revenues fell 2.9% and missed estimates by 1%.JD Retail's margin rose to a record 4.6% as gross margin expanded 130 basis points year over year.JD Logistics revenues jumped 24.3%, while Food Delivery losses narrowed more than 50% year over year.
JD.com (JD - Free Report) delivered a strong bottom-line performance in the second quarter of 2026 despite revenue pressure. Non-GAAP earnings per ADS rose 26.6% year over year to RMB6.29, equivalent to 93 cents, beating the Zacks Consensus Estimate of 86 cents by 8.1%. Revenues declined 2.9% year over year to $51.05 billion, missing the $51.55 billion consensus by 1%.
Profitability benefited from higher JD Retail margins, improved marketing efficiency and sharply narrower losses at JD Food Delivery. JD Retail's operating margin reached 4.6%, while the company said Food Delivery losses narrowed more than 50% year over year.
JD Retail Holds Up Despite Revenue PressureJD Retail generated RMB295.4 billion in revenues, down 4.7% year over year. Electronics and home appliances revenues declined 11.8% to RMB157.9 billion, reflecting the high comparison base from the prior year’s trade-in program and higher upstream component prices.
General merchandise provided an important offset, with revenues increasing 5.6% to RMB109.2 billion. Supermarket revenues posted near-double-digit growth, while healthcare and industrial products delivered solid double-digit growth, according to management.
JD Expands Retail ProfitabilityJD Retail’s gross margin increased 130 basis points year over year to 18.5%, primarily driven by deeper supply-chain scale benefits and a favorable revenue mix, particularly the strong growth in marketplace and advertising revenues. Its operating margin rose 10 basis points to 4.6% from 4.5% a year ago, marking a record high for a peak promotional quarter.
The improvement reflected gross margin expansion and better marketing efficiency, which provided JD with greater flexibility to increase investments in research and development while maintaining healthy profitability.
JD Services Remain a Growth EngineNet service revenues increased 6.8% year over year to RMB79.3 billion. Marketplace and marketing revenues rose 8.3% to RMB30.9 billion, supported primarily by advertising growth. Logistics and other service revenues increased 5.9% to RMB48.4 billion.
The service mix remains important for profitability because marketplace and marketing revenues continued to grow faster than product sales. Management expects advertising revenues to gain further momentum as conversion efficiency improves.
JD.com Logistics Gains From Delivery GrowthJD Logistics generated RMB64.1 billion in revenues, up 24.3% year over year. Growth was driven primarily by incremental contributions from on-demand delivery services. Non-GAAP operating income increased 15.6% to RMB2.3 billion, with an operating margin of 3.5%.
The company also continued investing in automation. JD Logistics had deployed thousands of unmanned vehicles across more than 20 provinces by the end of the second quarter and launched its first overnight autonomous delivery routes in Shenzhen.
JD Narrows Losses in New BusinessesNew Businesses revenues declined 47.6% to RMB7.3 billion, largely because on-demand delivery revenue recognition shifted to JD Logistics beginning the first quarter of 2026. The segment’s operating loss narrowed to RMB9.9 billion from RMB14.8 billion a year earlier.
JD Food Delivery was the main source of improvement, with losses falling more than 50% year over year. Management said the gains reflected better operational efficiency, revenue diversification and stricter return-on-investment discipline. Joybuy and Jingxi continued to receive measured strategic investment.
JD.com Strengthens Cash Flow and Capital ReturnsJD generated RMB31.8 billion of free cash flow in the reported quarter compared with RMB22 billion a year earlier. Last-12-month free cash flow reached RMB31.4 billion, up from RMB10.1 billion in the comparable period, supported by disciplined working capital management and normalized cash outflows associated with the trade-in program.
As of June 30, 2026, JD.com’s cash, cash equivalents, restricted cash and short-term investments totaled RMB235.1 billion ($34.6 billion), up 9% sequentially from RMB215.7 billion ($31.3 billion) as of March 31, 2026. The company had 2.688 billion ordinary shares outstanding at the end of the second quarter compared with 2.701 billion at the end of the first quarter, reflecting the impact of its ongoing share repurchases.
Zacks Rank & Stocks to ConsiderJD.com currently carries a Zacks Rank #3 (Hold).
Target (TGT - Free Report) , Dollar Tree (DLTR - Free Report) and Five Below (FIVE - Free Report) are some better-ranked stocks that investors can consider in the broader Zacks Retail-Wholesale sector.
Target, Dollar Tree and Five Below each carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Target Dollar have surged 59.1% in the year-to-date period. Target Dollar is slated to report second-quarter of fiscal 2027 results on Aug. 19.
Shares of Dollar Tree have surged 5.3% in the year-to-date period. Dollar Tree is slated to report second-quarter of fiscal 2027 results on Aug. 27.
Shares of Five Below have surged 28.4% in the year-to-date period. Five Below is slated to report second-quarter of fiscal 2027 results on Aug. 26.
JD.com, Inc. (JD) Q2 2026 Earnings Call August 13, 2026 8:00 AM EDT
Company Participants
Sean Shibiao Zhang - Director of Investor Relations
Xu Ran - CEO & Executive Director
Ian Su Shan - Chief Financial Officer
Conference Call Participants
Kenneth Fong - UBS Investment Bank, Research Division
Ronald Keung - Goldman Sachs Group, Inc., Research Division
Alicis a Yap - Citigroup Inc., Research Division
Thomas Chong - Jefferies LLC, Research Division
Presentation
Operator
Hello, and thank you for standing by for JD.com's Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time.
I would now like to turn the meeting over to your host for today's conference, Sean Zhang, Head of Investor Relations. Please go ahead.
Sean Shibiao Zhang
Director of Investor Relations
Thank you, operator. Good day, everyone. Welcome to JD.com's Second Quarter 2026 Earnings Conference Call. With us today are CEO of JD.com, Ms. Sandy Xu; and CFO, Mr. Ian Shan. Sandy will kick off the call with her opening remarks, and Ian will discuss the financial results. Then we'll open the call to questions from analysts. Please note, unless otherwise stated, all comparisons in this call will be against our results from the comparable period of 2025.
Before turning the call over to Sandy, let me quickly cover the safe harbor. Please be reminded that during this call, our comments and responses to your questions reflect management's view as of today only, will include forward-looking statements. Please refer to our latest safe harbor statement in the earnings press release on the IR website, which applies to this call. We will discuss certain non-GAAP financial measures. Please refer to the reconciliation of non-GAAP measures to the comparable GAAP measures also in the earnings press release. Please also note that all figures mentioned in this call
Andrew Wang believes JD.com's (JD) AI growth remains solid from its latest earnings but still faces consumer-centric headwinds. When it comes to related names, Andrew has his eyes on Alibaba's (BABA) cloud growth and Baidu's (BIDU) "interesting" set-up into its report.
JD.com (JD), the Chinese e-commerce and supply-chain giant, reported a quarter with one ugly number and several surprisingly good ones. Revenue fell 2.9% to RMB
Is China Investable Again? 2 Stocks Soaring as Tensions EaseJD.com NASDAQ: JD reported a 2.9% year-over-year decline in second-quarter revenue to RMB 346 billion, as sales of electronics and home appliances faced comparisons against a high prior-year base and pressure from rising upstream component costs. Despite the revenue decline, the company reported stronger profitability, with non-GAAP net income attributable to ordinary shareholders rising 20.8% to RMB 8.9 billion.
CEO Sandy Xu said the company’s results were in line with expectations and reflected operational resilience amid macroeconomic and industry headwinds. Non-GAAP net margin increased by 0.5 percentage point to 2.6%, supported by margin expansion at JD Retail and a reduction in losses at JD Food Delivery.
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Is Michael Burry Right Betting Against the Market Again?“Q2 marked a definitive turning point for our profitability trajectory,” Xu said, citing JD Retail’s margin performance and JD Food Delivery’s year-over-year loss reduction of more than 50%.
JD Retail margins reach promotional-season record JD Retail revenue declined 4.7% year over year to RMB 295 billion during the quarter. The company said electronics and home-appliance sales were affected by a high comparison base and higher consumer-electronics prices, although management said momentum improved in June.
Dividends Are Rising: 3 Foreign Stocks Boosting PayoutsJD Retail’s gross margin expanded 1.3 percentage points from a year earlier to 18.5%, its 17th consecutive quarter of year-over-year gross-margin expansion. Its non-GAAP operating profit reached RMB 13.5 billion, while operating margin rose 7 basis points to 4.6%, which management described as a record for a peak promotional season.
CFO Ian Su Shan attributed the improvement to supply-chain efficiencies, a greater contribution from higher-margin marketplace and advertising revenue, and improved marketing efficiency. JD Retail’s marketing expense ratio declined year over year for the fourth consecutive quarter, he said, though the company also increased research-and-development investment, particularly in artificial-intelligence applications.
Management expects JD Retail to return to positive revenue growth in the third quarter. Xu said the comparison base related to the prior-year trading program should normalize in the second half, while JD’s inventory management and supply-chain capabilities could help mitigate electronics price pressures.
General merchandise remained a relative source of growth. JD Supermarket delivered near-double-digit revenue growth, while healthcare and industrial products posted double-digit growth, according to management. JD said its third-party GMV growth outpaced first-party GMV for the third consecutive quarter, with the third-party contribution to total GMV expanding sequentially in the second quarter.
Service revenue and logistics growth offset product weakness Service revenue increased 6.8% from a year earlier. Marketplace and marketing revenue rose 8.3%, driven primarily by advertising revenue, while logistics and other service revenue increased 5.9%.
Su said marketplace and marketing revenue continued to grow faster than product sales, a trend the company expects to remain an important source of margin expansion. Management expects advertising revenue growth to accelerate in the second half as overall sales recover, supported by AI-driven ad targeting, a larger mix of general merchandise categories and additional traffic from newer businesses including JD Food Delivery.
JD Logistics generated RMB 68.1 billion in revenue, up 24.3% year over year, primarily due to incremental on-demand delivery services. Non-GAAP operating income at the logistics segment rose 15.6% to RMB 2.3 billion, representing a 3.5% operating margin. Su said near-term margin fluctuations at JD Logistics were primarily related to Deppon Logistics.
Food delivery losses narrow while international investment rises The company’s new businesses generated RMB 7.3 billion in revenue. The year-over-year decline in this segment reflected the transfer of on-demand delivery revenue recognition from new businesses to JD Logistics beginning in the first quarter of 2026.
Operating loss in the new-business segment narrowed significantly to RMB 9.9 billion. JD said JD Food Delivery reduced losses by more than 50% year over year through lower subsidies per order, improved delivery efficiency, commissions and advertising revenue.
Xu said food delivery also contributed to user acquisition and cross-selling opportunities across JD’s retail ecosystem. The company reported double-digit year-over-year growth in monthly active users, quarterly active customers and Plus members, while its 618 promotion set a record for purchasing users.
JD’s international business, Joybuy, doubled revenue within two quarters, according to Xu. The company said Joybuy’s European strategy centers on localized warehousing, same-day and next-day delivery in major cities, and integrated appliance delivery and installation. While Joybuy’s operating loss increased as it entered a scaling phase, its loss margin improved sequentially, management said. JD expects investment in the business to increase with order growth, while remaining disciplined and manageable.
Jingxi, which targets lower-tier markets, increased quarterly active customers by more than 40% year over year and contributed 40% of new active customers in the second quarter, according to management.
Cash flow, buybacks and second-half outlook JD reported last-12-month free cash flow of RMB 31 billion at the end of the second quarter, compared with RMB 10 billion in the prior-year period. Su attributed the improvement to working-capital management, faster accounts-receivable collections and normalized cash outflows associated with the trading program.
Cash, cash equivalents, restricted cash and short-term investments totaled RMB 235 billion at quarter-end. During the first half, JD repurchased approximately 69.9 million Class A ordinary shares, equivalent to 34.9 million ADSs, for $1 billion. The company said the purchases represented about 2.5% of ordinary shares outstanding as of Dec. 31, 2025.
Management said it remains committed to dividends and share repurchases, noting that approximately $1 billion remained under its previously announced three-year, $5 billion repurchase program. Su said JD has returned about $13 billion to shareholders through dividends and buybacks since 2023.
Looking ahead, management expects revenue growth to accelerate across JD Retail categories during the second half and said it is confident of further group-level profit growth. The company also reiterated its long-term goal of achieving a high-single-digit margin at JD Retail, supported by supply-chain efficiencies, category mix improvement and growth in higher-margin commissions and advertising services.
About JD.com (NASDAQ:JD)JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.
A distinctive feature of JD.com's business model is its integrated logistics and fulfillment network.
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JD.com reported better-than-expected results in the second quarter as the Chinese e-commerce titan made steady progress in narrowing losses at its food-delivery business.
JD.com stock was falling on Thursday after the Chinese online retail giant reported earnings. Investors soured on the stock despite better-than-expected results.
Čínská e-commerce společnost JD.com zveřejnila výsledky hospodaření za 2Q 2026. Čisté tržby meziročně klesly o 2,9 %, i tak ale překonaly odhady trhu. Ziskovost naopak posílila, a to především díky klíčové divizi JD Retail a snižování ztrát v nových segmentech podnikání v čele s rozvozem jídla.
Výsledky společnosti JD.com (JD) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Čisté tržby (mld. CNY) 346,40 342,10 356,66 Čistý zisk (mld. CNY) 7,13 -- 6,18 Očištěný zisk na depozitní certifikát*(EPS, CNY/certifikát) 6,29 5,40 4,97 *jeden americký depozitní certifikát odpovídá 2 akciím
Výsledky za 2Q Čisté tržby meziročně klesly o 2,9 % na 346,40 mld. CNY (51,1 mld. USD). Společnost pokles přisuzuje především vysoké srovnávací základně z loňského roku. Tržby z prodeje zboží klesly o 5,4 %, tržby ze služeb naopak vzrostly o 6,8 %.
Tržby z maloobchodu (JD Retail) zaznamenaly meziroční pokles o 4,7 % na 295,38 mld. CNY. Tržby ze segmentu logistiky (JD Logistics) meziročně vzrostly o 24,3 % na 64,10 mld. CNY. Tržby z nových segmentů podnikání dosáhly 7,26 mld. CNY (-47,6 % meziročně).
Náklady na plnění objednávek (fulfillment) meziročně vzrostly o 10,4 % na 24,45 mld. CNY, predikovalo se 22,39 mld. CNY.
Očištěný zisk EBITDA dosáhl 7,93 mld. CNY oproti 3,00 mld. CNY ve 2Q 2025. Trh projektoval 7,7 mld. CNY. Očištěná marže zisku EBITDA činila 2,3 % oproti loňským 0,8 %, očekávalo se 2,19 %.
Očištěný provozní zisk dosáhl 5,5 mld. CNY. Očištěná provozní marže činila 1,6 % oproti loňským 0,3 %.
Provozní zisk maloobchodu činil 13,48 mld. CNY oproti 13,94 mld. CNY před rokem. Provozní marže maloobchodu meziročně vzrostla o 0,1 p. b. na 4,6 %. Provozní ztráta nových segmentů podnikání se zúžila na 9,85 mld. CNY z loňských 14,78 mld. CNY.
Volný hotovostní tok (FCF) ve 2Q dosáhl 31,84 mld. CNY (2Q 2025: 22,02 mld. CNY).
Zpětné odkupy akcií Společnost v prvním pololetí zpětně odkoupila přibližně 69,9 mil. akcií (ekvivalent 34,9 mil. ADR) v celkové hodnotě 1,0 mld. USD.
Komentář vedení „Naše výsledky za druhý kvartál odrážejí odolný a kvalitní provoz," uvedla generální ředitelka Sandy Xu. „Navzdory krátkodobým tlakům na tržby jsme dosáhli silného růstu na úrovni zisku, což představuje jasný zlom v našem ziskovém trendu. Toto zlepšení bylo taženo především solidní ziskovostí našeho klíčového byznysu JD Retail a pokračujícím zužováním ztráty divize JD Food Delivery. Tyto výsledky podtrhují odolnost našeho obchodního modelu postaveného na dodavatelském řetězci a zaměření našeho týmu na provozní efektivitu – tedy silné stránky, na kterých budeme dále stavět při odemykání dalšího potenciálu v průběhu druhé poloviny roku."
„Ve druhém kvartále jsme dosáhli solidní ziskovosti i přes zpomalující dynamiku na úrovni tržeb," řekl finanční ředitel Ian Su Shan. „Provozní marže divize JD Retail dosáhla rekordní úrovně pro období hlavních promočních sezón. Tento výkon byl tažen zlepšením marží v některých klíčových kategoriích a příznivým mixem tržeb, jelikož vysokomaržové tržby z tržiště a marketingu nadále překonávaly očekávání. Ztráty v segmentu nových byznysů se meziročně výrazně zúžily, a to především díky pokračujícímu snižování ztráty v JD Food Delivery, zatímco naše strategické investice do Joybuy a Jingxi zůstaly podle plánu. Do budoucna bude náš robustní obchodní ekosystém nadále podporovat trvalou odolnost podnikání a zdravou finanční trajektorii. Díky našim solidním finančním výsledkům jsme v prvním pololetí odkoupili přibližně 2,5 % našich kmenových akcií v oběhu, což podtrhuje náš závazek přinášet akcionářům udržitelné výnosy."
Pohled analytiků Analytici z Citi vnímají výsledky jako solidní, což připisují mírnějšímu meziročnímu poklesu tržeb z elektroniky a lepším tržbám z logistiky a dalších služeb.
Analytici z Jefferies uvedli, že tržby byly lepší, než se čekalo, protože pokles růstu tržeb divize JD Retail byl mírnější, než se předpokládalo.
Analytici z Morgan Stanley uvedli, že tržby jsou v souladu s očekáváním, zatímco ztráty nových segmentů podnikání jsou v mezikvartálním srovnání relativně stejné.
Analytici z Vital Knowledge poznamenali, že výsledky ukazují solidní potenciál k růstu na úrovni zisku, tažený lepšími tržbami a překonáním očekávání u marží. Celkově podle nich společnost zaznamenala solidní ziskovost v klíčové maloobchodní divizi JD Retail a pokračující zužování ztráty v JD Food Delivery.
Vývoj ADR ADR JD.com (JD) v předburzovní fázi obchodování zaznamenávají pokles o 2,75 % na 30,74 USD.
ADR JD.com (JD) před výsledky na 31,61 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 43,2 P/E 21,4 Vývoj za letošní rok (%) +10,1 Očekávané P/E 9,6 52týdenní minimum (USD) 24,5 Prům. cílová cena (USD) 38,8 52týdenní maximum (USD) 36,9 Dividendový výnos (%) 3,2 Zdroj: JD.com, Bloomberg
BEIJING, Aug. 13, 2026 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), the “Company” or “JD.com”), a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three and six months ended June 30, 2026.
Item 1 of 2 Parcels on a conveyor belt at the JD.com sorting center in Beijing, China, November 11, 2025. REUTERS/Maxim Shemetov/File Photo
[1/2]Parcels on a conveyor belt at the JD.com sorting center in Beijing, China, November 11, 2025. REUTERS/Maxim Shemetov/File Photo Purchase Licensing Rights, opens new tab
Aug 13 (Reuters) - JD.com (9618.HK), opens new tab, beat quarterly revenue estimates on Thursday, helped by a longer sales period for the annual 618 shopping festival, one of China's largest online retail events.
The e-commerce giant reported a 2.9% decline in total revenue to 346.4 billion yuan ($51.37 billion) in the second quarter ended June, but higher than analysts' average estimate of 344.6 billion yuan, according to data compiled by LSEG.
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JD.com's first quarterly revenue decline in more than a decade highlights the challenge of reviving consumer spending amid concerns about job security and weak consumer confidence stemming from China's years-long property sector downturn.
U.S.-listed shares of the company were down about 2% in premarket trading.
This year's annual mid-year shopping event, marking JD.com's founding on June 18, 1998, ran for more days than the previous year, giving retailers and brands extra time to compete for spending through deep discounts and promotional campaigns.
Net profit in the quarter was 7.1 billion yuan, compared to 6.2 billion in the same period last year.
($1 = 6.7431 Chinese yuan renminbi)
Reporting by Harshita Mary Varghese in Bengaluru; Sophie Yu in Beijing; Editing by Pooja Desai and Keith Weir
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Sam Vadas focuses on moves outside of U.S. equities by explaining what's driving the selling action in Chinese stocks on Tuesday. Marley Kayden turns to the macro front by looking at the pressure on existing home sales.
Key Takeaways JD.com may benefit from 618-driven traffic, demand and merchant activity across its retail ecosystem.Food delivery, JD Logistics and new retail initiatives could support engagement and transaction activity.Electronics demand and heavy investment in delivery, international expansion and AI may pressure margins. JD.com (JD - Free Report) is scheduled to release second-quarter 2026 results on Aug. 13.
The Zacks Consensus Estimate for JD’s second-quarter revenues is pegged at $51.55 billion, indicating an increase of 3.53% on a year-over-year basis.
The consensus mark for second-quarter earnings is pegged at 86 cents per share, up by 5 cents over the past 30 days, indicating growth of 24.64% from the year-ago quarter's reported figure.
JD beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, with an average surprise of 23.79%.
Let us see how things have shaped up for the upcoming announcement.
Key Factors to Note for JD’s Q2 EarningsJD.com is likely to see its second-quarter performance shaped by promotional activity, improving service engagement and retail ecosystem development. The 618 Grand Promotion, which ran from May 30 through June 18, likely supported customer traffic, merchandise demand and merchant participation. JD.com highlighted strong activity across online retail, offline stores and AI-powered products during the campaign, suggesting potential benefits for transaction volumes and advertising activity during the quarter. The company’s expansion of AI-enabled retail tools may have further supported traffic allocation, product discovery and merchant efficiency during the period.
Service businesses are expected to have provided support. Food delivery may have continued to strengthen customer engagement and cross-category purchases, while JD Logistics is likely to have benefited from delivery activity and use of automation and robotics. The June launch of the first JD MALL in Hong Kong may have supported offline retail presence and provided additional exposure to electronics and home appliances. Meanwhile, the addition of South Korea’s 11Street official flagship store to JD.com’s cross-border platform may have broadened product selection and international merchant participation.
However, electronics and home appliances are likely to have seen mixed demand, as the higher comparison base from last year’s trade-in activity and increased smartphone and PC prices may have influenced purchasing patterns. Promotional intensity during the 618 period may also have affected product mix and margins. Continued investment in food delivery and international expansion, including Joybuy, may have weighed on profitability, although improving operating efficiency is expected to have provided some offset. The company’s ongoing investments in AI and technology may also have kept operating expenses elevated during the quarter, while potentially supporting longer-term efficiency gains.
What Our Model SaysAccording to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
JD has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Advance Auto Parts (AAP - Free Report) has an Earnings ESP of +8.04% and a Zacks Rank #3 at present.
Advance Auto Parts is slated to report its second-quarter 2026 results on Aug. 20. The Zacks Consensus Estimate for Advance Auto Parts’ second-quarter 2026 earnings is pegged at 81 cents per share, up by a penny over the past 30 days, indicating an improvement of 17.39% from the year-ago quarter’s reported figure.
Analog Devices (ADI - Free Report) has an Earnings ESP of +2.37% and a Zacks Rank #2 at present.
Analog Devices is slated to report third-quarter fiscal 2026 results on Aug. 19. The Zacks Consensus Estimate for Analog Devices’ third-quarter fiscal 2026 earnings is pegged at $3.33 per share, up by 4 cents over the past 30 days, indicating a rise of 62.4% from the year-ago quarter’s reported figure.
Applied Materials (AMAT - Free Report) has an Earnings ESP of +1.52% and carries a Zacks Rank #2 at present.
Applied Materials is set to report third-quarter fiscal 2026 results on Aug. 13. The Zacks Consensus Estimate for Applied Materials’ third-quarter earnings is pegged at $3.36 per share, up by a penny over the past 30 days, indicating a rise of 35.5% from the year-ago quarter’s reported figure.
Po nabitém minulém týdnu výsledková sezóna zpomaluje. V tuzemsku bude pozornost směřovat především k energetické společnosti ČEZ. V Německu budou reportovat například energetické společnosti E.ON a RWE, zajišťovna Hannover Re či distributor chemikálií Brenntag. Ve zbytku Evropy budou sledované výsledky společnosti ON Holding a Adyen. V USA se pozornost zaměří především na technologické tituly. Výsledky zveřejní Cisco Systems, Applied Materials, CoreWeave, Nebius, Super Micro Computer a Lumentum.
Přehled vybraných společností reportujících své výsledky v tomto týdnu (zdroj: síť X - Earnings Whispers)
Pondělí (10. 8.) Německo (před trhem): GEA Group
USA (před trhem): Barrick Mining, Ferguson Enterprises
USA (po trhu): Simon Property Group, Rocket Lab
Úterý (11. 8.) ČR (před trhem): ČEZ
Evropa (před trhem): On Holding
USA (před trhem): Sea, Cardinal Health, Venture Global
USA (po trhu): Lumentum Holdings, CoreWeave, Super Micro Computer
Středa (12. 8.) Německo (před trhem): E.ON, Hannover Re, Brenntag
JD.com, Inc. (JD - Free Report) ended the recent trading session at $32.54, demonstrating a -1.3% change from the preceding day's closing price. This change lagged the S&P 500's 0.17% loss on the day. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw a decrease of 0.83%.
Heading into today, shares of the company had gained 24.46% over the past month, outpacing the Retail-Wholesale sector's gain of 7.52% and the S&P 500's gain of 3.52%.
The upcoming earnings release of JD.com, Inc. will be of great interest to investors. The company's earnings report is expected on August 13, 2026. On that day, JD.com, Inc. is projected to report earnings of $0.86 per share, which would represent year-over-year growth of 24.64%. Alongside, our most recent consensus estimate is anticipating revenue of $51.55 billion, indicating a 3.53% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.14 per share and a revenue of $203.97 billion, signifying shifts of +23.14% and +11.06%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for JD.com, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.36% rise in the Zacks Consensus EPS estimate. Currently, JD.com, Inc. is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, JD.com, Inc. is currently trading at a Forward P/E ratio of 10.49. This denotes a discount relative to the industry average Forward P/E of 18.48.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 165, finds itself in the bottom 33% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JD in the coming trading sessions, be sure to utilize Zacks.com.
JD.com and NetEase are flashing bullish technical signals as improving momentum across Chinese technology stocks suggests the sector's rally has further room to run.
First Trust Advisors LP grew its position in JD.com, Inc. (NASDAQ:JD – Free Report) by 19.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,087 shares of the information services provider’s stock after acquiring an additional 31,693 shares during the period. First Trust Advisors LP’s holdings in JD.com were worth $5,828,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in JD. NFJ Investment Group LLC raised its stake in shares of JD.com by 61.8% during the 4th quarter. NFJ Investment Group LLC now owns 699,518 shares of the information services provider’s stock worth $20,076,000 after buying an additional 267,159 shares in the last quarter. Monaco Asset Management SAM grew its holdings in JD.com by 60.0% during the fourth quarter. Monaco Asset Management SAM now owns 160,000 shares of the information services provider’s stock worth $4,592,000 after acquiring an additional 60,000 shares during the period. Legal & General Group Plc raised its position in JD.com by 4.7% in the fourth quarter. Legal & General Group Plc now owns 1,545,460 shares of the information services provider’s stock worth $44,346,000 after acquiring an additional 70,062 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in JD.com by 381.3% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 83,093 shares of the information services provider’s stock valued at $2,385,000 after acquiring an additional 65,829 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in JD.com by 11.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,441,095 shares of the information services provider’s stock valued at $127,459,000 after acquiring an additional 463,033 shares during the period. Institutional investors and hedge funds own 15.98% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities analysts have recently weighed in on JD shares. Arete Research set a $37.00 price target on shares of JD.com in a research note on Friday, April 17th. Daiwa Securities Group reiterated a “hold” rating and issued a $27.00 price objective on shares of JD.com in a research note on Tuesday, June 23rd. Morgan Stanley boosted their price objective on shares of JD.com from $25.00 to $27.00 and gave the stock an “underweight” rating in a report on Wednesday, May 13th. Sanford C. Bernstein upped their target price on shares of JD.com from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Barclays dropped their target price on shares of JD.com from $43.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.42.
View Our Latest Report on JD
JD.com Price Performance JD.com stock opened at $33.01 on Monday. JD.com, Inc. has a 52 week low of $24.51 and a 52 week high of $36.86. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $28.64 and its 200 day simple moving average is $28.87. The firm has a market capitalization of $41.21 billion, a PE ratio of 25.79 and a beta of 0.38.
JD.com (NASDAQ:JD – Get Free Report) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.37 earnings per share for the quarter. The firm had revenue of $45.79 billion during the quarter. JD.com had a net margin of 1.04% and a return on equity of 5.90%. On average, equities research analysts predict that JD.com, Inc. will post 2.78 EPS for the current fiscal year.
JD.com Profile (Free Report)
JD.com is a major Chinese e-commerce company that operates a comprehensive online retail platform selling a wide range of consumer goods, including electronics, appliances, apparel, groceries and everyday household items. The company combines direct retailing—purchasing inventory and selling products itself—with a marketplace for third-party merchants, offering consumers both self-operated and third-party choices. In addition to its core retail business, JD.com has expanded into adjacent services such as digital marketplaces for cross-border commerce, online pharmacy and healthcare services, and enterprise-facing cloud and technology solutions.
A distinctive feature of JD.com’s business model is its integrated logistics and fulfillment network.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in JD over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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JD.com, Inc. (JD - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this company have returned +21.4% over the past month versus the Zacks S&P 500 composite's -0.5% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has gained 1.7% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, JD.com is expected to post earnings of $0.86 per share, indicating a change of +24.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -3% over the last 30 days.
The consensus earnings estimate of $3.14 for the current fiscal year indicates a year-over-year change of +23.1%. This estimate has changed +0.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.67 indicates a change of +16.6% from what JD.com is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, JD.com is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of JD.com, the consensus sales estimate of $51.55 billion for the current quarter points to a year-over-year change of +3.5%. The $203.97 billion and $214.91 billion estimates for the current and next fiscal years indicate changes of +11.1% and +5.4%, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
BEIJING, July 31, 2026 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited financial results for the three months and six months ended June 30, 2026 on Thursday, August 13, 2026, before the U.S. market opens.
JD.com’s management will hold a conference call at 8:00 am, Eastern Time on August 13, 2026, (8:00 pm, Beijing/Hong Kong Time on August 13, 2026) to discuss its financial results for the three months and six months ended June 30, 2026.
Please register in advance of the conference using the link provided below and dial in 15 minutes prior to the call, using participant dial-in numbers, the Passcode and unique access PIN which would be provided upon registering. You will be automatically linked to the live call after completion of this process, unless required to provide the conference ID below due to regional restrictions.
A telephone replay will be available for one week until August 20, 2026. The dial-in details are as follows:
US:+1-855-883-1031International:
Chinese Mainland:
Hong Kong, China:
Passcode:+61-7-3107-6325
400-120-9216
800-930-639
10056227 Additionally, a live and archived webcast of the conference call will also be available on JD.com’s investor relations website at http://ir.jd.com.
About JD.com, Inc.
JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.
JD.com, Inc. (JD - Free Report) closed at $30.95 in the latest trading session, marking a +2.52% move from the prior day. This change outpaced the S&P 500's 0.02% gain on the day. Elsewhere, the Dow saw an upswing of 0.51%, while the tech-heavy Nasdaq depreciated by 0.18%.
Prior to today's trading, shares of the company had gained 18.91% outpaced the Retail-Wholesale sector's loss of 1.33% and the S&P 500's gain of 0.77%.
The investment community will be paying close attention to the earnings performance of JD.com, Inc. in its upcoming release. The company is expected to report EPS of $0.86, up 24.64% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $51.55 billion, reflecting a 3.53% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.14 per share and revenue of $203.97 billion, indicating changes of +23.14% and +11.06%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for JD.com, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.71% higher within the past month. JD.com, Inc. presently features a Zacks Rank of #3 (Hold).
Digging into valuation, JD.com, Inc. currently has a Forward P/E ratio of 9.6. Its industry sports an average Forward P/E of 16.29, so one might conclude that JD.com, Inc. is trading at a discount comparatively.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
JD.COM logo is seen in this illustration taken, February 11, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, July 22 (Reuters) - The European Commission on Wednesday outlined its objections to Chinese e-commerce giant JD.com (9618.HK), opens new tab over its acquisition of German electronics retailer Ceconomy (CECG.DE), opens new tab as it stepped up its investigation into the deal.
"The issuing of a statement of grounds is a formal step in an investigation under the Foreign Subsidies Regulation where the Commission informs the companies concerned in writing of the objections raised against them," the EU executive said.
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The EU charge sheet confirmed a Reuters story earlier on Wednesday.
Reporting by Foo Yun Chee
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Item 1 of 3 Employees work as parcels move along conveyor belts at the JD.com sorting center in Beijing, China, November 11, 2025. REUTERS/Maxim Shemetov/File Photo
[1/3]Employees work as parcels move along conveyor belts at the JD.com sorting center in Beijing, China, November 11, 2025. REUTERS/Maxim Shemetov/File Photo Purchase Licensing Rights, opens new tab
CompaniesBRUSSELS, July 22 (Reuters) - JD.com (9618.HK), opens new tab is set to be hit with formal subsidy charges over its $2.5 billion bid for German electronics retailer Ceconomy (CECG.DE), opens new tab, people familiar with the matter said, a move that could force the Chinese e-commerce giant to offer substantial remedies.
The charges, known as a statement of grounds under the Foreign Subsidies Regulation, are similar to a statement of objections or charge sheet under EU merger rules where regulators outline specific concerns, which must be addressed by companies or risk a veto on the deal.
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The charges, the first under the FSR, will be sent in the coming days and could come as early as Wednesday, one of the people said.
JD.com said the statement of grounds is a normal procedural step.
"We remain confident the transaction supports Europe's broader objectives around innovation and competitiveness. We continue to expect a positive conclusion of the process in the second half of 2026," the company said.
The European Commission, which polices unfair foreign state aid, declined to comment.
In May, it opened a full-scale investigation into the deal, warning that JD.com may be receiving preferential financing, tax incentives and grants from the Chinese government that may have helped the company offer a higher price for Ceconomy.
The acquisition will allow one of China's largest retailers to expand outside its home market via Ceconomy-owned electronic products retailers MediaMarkt and Saturn.
The EU charges will come after the July 1 introduction of a €3 customs duty on previously exempt low-value packages and ahead of a forthcoming handling fee as the European Union seeks to curb what it calls unfair competition from largely Chinese retailers such as Shein, Temu and AliExpress.
The number of e-commerce parcels arriving in the bloc has surged, reaching 5.8 billion in 2025 from 1.4 billion in 2022.
Reporting by Foo Yun Chee, additional reporting by Philip Blenkinsop; Editing by Joe Bavier and Louise Heavens
Our Standards: The Thomson Reuters Trust Principles., opens new tab
An agenda-setting and market-moving journalist, Foo Yun Chee is a 21-year veteran at Reuters. Her stories on high profile mergers have pushed up the European telecoms index, lifted companies' shares and helped investors decide on their next move. Her knowledge and experience of European antitrust laws and developments helped her break stories on Microsoft, Google, Amazon, Meta and Apple, numerous market-moving mergers and antitrust investigations. She has previously reported on Greek politics and companies, when Greece's entry into the eurozone meant it punched above its weight on the international stage, as well as on Dutch corporate giants and the quirks of Dutch society and culture that never fail to charm readers.
JD.com, Inc. (JD - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this company have returned +7.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has gained 5.4% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
JD.com is expected to post earnings of $0.86 per share for the current quarter, representing a year-over-year change of +24.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -3%.
For the current fiscal year, the consensus earnings estimate of $3.14 points to a change of +23.1% from the prior year. Over the last 30 days, this estimate has changed +2.7%.
For the next fiscal year, the consensus earnings estimate of $3.67 indicates a change of +16.6% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed +6.8%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JD.com.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of JD.com, the consensus sales estimate of $51.55 billion for the current quarter points to a year-over-year change of +3.5%. The $203.97 billion and $214.91 billion estimates for the current and next fiscal years indicate changes of +11.1% and +5.4%, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
JD.com, Inc. (JD - Free Report) closed at $29.68 in the latest trading session, marking a +1.37% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.51%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Shares of the company have appreciated by 4.91% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 0.51%, and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of JD.com, Inc. in its upcoming earnings disclosure. On that day, JD.com, Inc. is projected to report earnings of $0.86 per share, which would represent year-over-year growth of 24.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $51.55 billion, up 3.53% from the year-ago period.
JD's full-year Zacks Consensus Estimates are calling for earnings of $3.14 per share and revenue of $203.97 billion. These results would represent year-over-year changes of +23.14% and +11.06%, respectively.
Investors should also note any recent changes to analyst estimates for JD.com, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.71% higher. JD.com, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, JD.com, Inc. is currently trading at a Forward P/E ratio of 9.31. This expresses a discount compared to the average Forward P/E of 17.09 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is JD.com (JD - Free Report) . JD is currently sporting a Zacks Rank #1 (Strong Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 10.48 right now. For comparison, its industry sports an average P/E of 21.92. Over the last 12 months, JD's Forward P/E has been as high as 11.39 and as low as 6.57, with a median of 8.65.
Finally, investors will want to recognize that JD has a P/CF ratio of 7.89. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 10.99. JD's P/CF has been as high as 11.82 and as low as 6.65, with a median of 7.92, all within the past year.
These are only a few of the key metrics included in JD.com's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, JD looks like an impressive value stock at the moment.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about JD.com, Inc. (JD - Free Report) .
JD.com currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 24 brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy.
Of the 24 recommendations that derive the current ABR, 19 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 79.2% and 8.3% of all recommendations.
Brokerage Recommendation Trends for JD
Check price target & stock forecast for JD.com here>>>
While the ABR calls for buying JD.com, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is JD Worth Investing In?Looking at the earnings estimate revisions for JD.com, the Zacks Consensus Estimate for the current year has increased 2.3% over the past month to $3.14.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for JD.com. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for JDcom may serve as a useful guide for investors.
JD.com, Inc. (JD - Free Report) closed the last trading session at $28.88, gaining 0.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $40.45 indicates a 40.1% upside potential.
The average comprises 21 short-term price targets ranging from a low of $27.00 to a high of $50.00, with a standard deviation of $5.43. While the lowest estimate indicates a decline of 6.5% from the current price level, the most optimistic estimate points to a 73.1% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in JD. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in JDThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 2.3% over the past month, as one estimate has gone higher compared to no negative revision.
Moreover, JD currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much JD could gain, the direction of price movement it implies does appear to be a good guide.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Heartland Express, Inc. (HTLD - Free Report) : This truckload carrier and transportation services company has seen the Zacks Consensus Estimate for its current year earnings increasing 25% over the last 60 days.
Methanex Corporation (MEOH - Free Report) : This methanol and ammonia company has seen the Zacks Consensus Estimate for its current year earnings increasing nearly 14% over the last 60 days.
nCino, Inc. (NCNO - Free Report) : This software-as-a-service company has seen the Zacks Consensus Estimate for its current year earnings increasing 10% over the last 60 days.
JD.com, Inc. (JD - Free Report) : This supply chain-based technologies and services company has seen the Zacks Consensus Estimate for its next year earnings increasing 10.5% over the last 60 days.
BrainsWay Ltd. (BWAY - Free Report) : This company that manufactures non-invasive neurostimulation treatments for mental health disorders has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.94% per year. These returns cover a period from January 1, 1988 through June 1, 2026. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
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JD.com, Inc. (JD - Free Report) closed the most recent trading day at $28.20, moving +1.66% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.42%. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, added 0.29%.
Shares of the company have depreciated by 1.14% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.24%, and the S&P 500's gain of 2.2%.
The investment community will be closely monitoring the performance of JD.com, Inc. in its forthcoming earnings report. On that day, JD.com, Inc. is projected to report earnings of $0.81 per share, which would represent year-over-year growth of 17.39%. In the meantime, our current consensus estimate forecasts the revenue to be $52.83 billion, indicating a 6.11% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.14 per share and a revenue of $204.58 billion, demonstrating changes of +23.14% and +11.39%, respectively, from the preceding year.
Any recent changes to analyst estimates for JD.com, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.34% higher. JD.com, Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, JD.com, Inc. is currently trading at a Forward P/E ratio of 8.83. This represents a discount compared to its industry average Forward P/E of 16.81.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 181, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
A tech rotation out of South Korea is the main reason Henry Greene sees pushing Chinese interest stocks higher. Those rallies are seen in names like Alibaba (BABA), JD.com (JD), and Baidu (BIDU).
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of JD.com, Inc. ("JD" or the "Company") (NASDAQ: JD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether JD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 11, 2026, Bloomberg News reported that the Beijing branch of China's State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD's American Depositary Receipt ("ADR") price fell $0.39 per ADR, or 1.37%, to close at $28.06 per ADR on June 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether JD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 11, 2026, Bloomberg News reported that the Beijing branch of China’s State Administration for Market Regulation summoned JD representatives “over what officials said was false advertising during the annual ‘618’ midyear online shopping festival.”
On this news, JD’s American Depositary Receipt (“ADR”) price fell $0.39 per ADR, or 1.37%, to close at $28.06 per ADR on June 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
JD.com, Inc. (JD - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this company have returned -6.3% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has lost 0.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
JD.com is expected to post earnings of $0.81 per share for the current quarter, representing a year-over-year change of +17.4%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $3.14 for the current fiscal year indicates a year-over-year change of +23.1%. This estimate has changed +2.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.67 indicates a change of +16.7% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed +6.8%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, JD.com is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of JD.com, the consensus sales estimate of $52.83 billion for the current quarter points to a year-over-year change of +6.1%. The $204.58 billion and $215.92 billion estimates for the current and next fiscal years indicate changes of +11.4% and +5.5%, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
NEW YORK, June 30, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether JD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 11, 2026, Bloomberg News reported that the Beijing branch of China’s State Administration for Market Regulation summoned JD representatives “over what officials said was false advertising during the annual ‘618’ midyear online shopping festival.”
On this news, JD’s American Depositary Receipt (“ADR”) price fell $0.39 per ADR, or 1.37%, to close at $28.06 per ADR on June 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
JD.com is a leading Chinese e-commerce platform with mid-single-digit top line growth and a 5.9x forward P/E valuation. JD Retail, the core business, drives 85% of revenues and relies heavily on new partnerships with major appliance brands. I am bullish on JD's aggressive AI-driven CapEx, which is expected to modernize the platform, boost engagement, and potentially expand gross margins and free cash flow.
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JD.com, Inc. (“JD” or “the Company”) (NASDAQ: JD) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. JD is the subject of a Bloomberg report published on June 11, 2026, reporting that China’s State Administration for Market Regulation had summoned the Company’s representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of JD.com, Inc. ("JD" or the "Company") (NASDAQ: JD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether JD and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 11, 2026, Bloomberg News reported that the Beijing branch of China's State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD's American Depositary Receipt ("ADR") price fell $0.39 per ADR, or 1.37%, to close at $28.06 per ADR on June 11, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
