Earnings preview: What to expect when JD.com reports Q1 2019 results

JD.com Inc. (NASDAQ: JD) is scheduled to report first quarter 2019 earnings results on Friday, May 10, before market open. Analysts expect earnings of $0.12 per share on revenue of $17.8 billion.

JD.com has a strong online presence along with an effective logistics network that helps it provide efficient delivery services. This gives it an advantage in the competitive e-commerce space. JD.com has been investing significantly in its business operations and these investments are likely to benefit the company by driving growth.

JD.com is likely to see a steady growth in revenue over the coming years helped by investments and favorable market conditions. The company’s partnerships with Walmart (NYSE: WMT) and Alphabet’s (NYSE: GOOGL) subsidiary Google will also prove beneficial in this regard.

However, JD.com is dealing with controversies involving a lawsuit against its founder and CEO, Richard Liu, and how the company is being affected by these legal issues is an area that many will be closely watching. Trade tensions between the US and China and likely tariff impositions also remain a concern in the near term.

In the fourth quarter of 2018, JD.com beat estimates on revenue, which grew 22% year-over-year to $19.6 billion. Adjusted net income per ADS grew 64% to $0.07. The company saw growth in active customer accounts both on an annual and quarterly basis.

For the first quarter of 2019, JD.com has guided for revenues to grow 18-22% year-over-year to between RMB118 billion and RMB122 million.

JD.com’s shares have climbed nearly 25% so far this year.

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