JD.Com Inc reports results for the quarter - Earnings Summary

Reuters
2024/11/14

* JD.Com Inc reported quarterly adjusted earnings of CNY8.68​​ per share for the quarter , higher than the same quarter last year, when the company reported EPS of CNY6.70. The mean expectation of eighteen analysts for the quarter was for earnings of $7.44 per share. Wall Street expected results to range from $6.69 to $8.31 per share.

* Revenue rose 5.1% to CNY260.39 billion from a year ago; analysts expected CNY259.79 billion.

* JD.Com Inc's reported EPS for the quarter was $7.73​.

* The company reported quarterly net income of $11.73 billion.

* JD.Com Inc shares had fallen by 10.8% this quarter and gained 23.5% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 5.1% in the last three months.​

* In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 37 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the department stores peer group is also "buy"

Wall Street's median 12-month price target for JD.Com Inc is $48.50 This summary was machine generated from LSEG data November 14 at 02:14 p.m. UTC. ​All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 7.44 8.68 Beat

Jun. 30 2024 6.08 9.36 Beat

Mar. 31 2024 4.59 5.65 Beat

Dec. 31 2023 4.48 5.30 Beat

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