Impact of China COVID lockdowns, regulatory crackdown in focus for JD.com Q1 earnings
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JD.com (NASDAQ:JD) is scheduled to announce Q1 earnings results on Tuesday, May 17th, before market open.
The consensus EPS Estimate is $0.24 (-36.8% Y/Y) and the consensus Revenue Estimate is $34.72B (+12.0% Y/Y).
Over the last 2 years, JD has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.

JD stock shed nearly 16% in early March after its Q4 2021 earnings results failed to excite investors, despite the e-commerce leader reporting revenue that grew strongly from a year ago.
Over the last 3 months, EPS estimates have seen 0 upward revisions and 7 downward. Revenue estimates have seen 0 upward revisions and 5 downward.
The downward revisions on both top and bottom line reflect the anticipated impact of harsh regulatory COVID-19 lockdowns during the quarter that have crimped the Chinese economy.
Chinese technology stocks have seen a bumpy year, as COVID lockdown impact fears have been compounded by regulatory crackdown woes.
The chart below shows the YTD price return performance of JD, Alibaba (BABA), Baidu (BIDU) and PinDuoDuo (PDD):

On Monday, numerous Chinese tech stocks were on the rise amid reports of Shanghai easing COVID-19 restrictions, and after a J.P. Morgan analyst raised his ratings on the companies in the sector.
Earlier this month, U.S. authorities added 80 companies, including JD, PinDuoDuo and Bilibili (BILI) to a list of organizations facing a possible delisting from its exchanges.

On April 29, a Chinese state-run news outlet reported that the government may end its regulatory crackdown on internet companies in an effort to help the suffering economy.