JD.com Inc. (NASDAQ: JD) is scheduled to report third quarter 2019 earnings results on November 15, Friday, before the market opens. Analysts expect the company to report earnings of $0.17 per share on $18.1 billion.
The momentum in ecommerce is expected to have continued in the third quarter and the topline is expected to benefit from this strength. The company’s expansion into new markets and its partnerships with leading retailers and international brands will also help fuel the quarterly results.
JD.com’s solid logistics network that facilitates its structured delivery services is another advantage for the company. However, the economic situation in China as well as the trade tensions with the US are likely to have had an impact on results. Rising costs due to business and growth investments might also weigh on the bottom line.
Also read: JD.com Q2 2019 Earnings Conference Call Transcript
In the second quarter of 2019, JD.com beat revenue and earnings estimates. Revenues increased 23% to RMB150.3 billion, or $21.9 billion, helped by strength in the ecommerce market. Adjusted EPS amounted to $0.33. The company recorded double-digit growth in product and services revenues. At the end of the second quarter, JD.com had 321.3 million annual active customer accounts.
For the third quarter, JD.com has guided for revenues to be between RMB126 billion and RMB130 billion, representing a growth rate between 20% and 24% compared with the third quarter of 2018.
Shares of JD.com have gained 58% so far this year and 11% over the past one month. The stock has an average price target of $36.00.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
