JD.com Q4 earnings preview: What to expect as COVID measures loom over results
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JD.com (NASDAQ:JD) is scheduled to announce Q4 earnings results on Thursday, March 9th, before market open.
The consensus EPS Estimate is $0.50 (+42.9% Y/Y) and the consensus Revenue Estimate is $42.61B (-1.6% Y/Y).
Over the last 2 years, JD has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time.
Over the last 3 months, EPS estimates have seen 2 upward revisions and 10 downward. Revenue estimates have seen 1 upward revision and 9 downward.
The company's recent quarterly performances have been hit by softer demand, supply chain and logistics disruptions due to COVID-19 measures.
JD.com (JD) posted a top-line miss for Q3, but annual active customer accounts increased by 6.5% to 588.3M in the twelve months ended September 30, 2022.
Shares of JD have trailed behind other Chinese internet companies Tencent and Alibaba (BABA) over the past 12 months, and the decline has continued in the first months of 2023 as well.

The company decided to exit the Indonesia and Thailand markets in early 2023 amid intense competition in Southeast Asia, as per the announcements on the two websites. The previous month, JD Indonesia cut 200 jobs, almost 30% of the staff.
Loop Capital suggests the COVID-19 pandemic would have made JD.com's (JD) operating environment more challenging through Chinese New Year, as suggested by Alibaba last week.
Investors recently turned their back on peer Alibaba (BABA) despite posting a better-than-expected fourth-quarter earnings report. Chief Executive David Zhang sounded diplomatic about the company's performance, and the issues that have been affecting Alibaba's (BABA) business for some time now.
Wall Street analysts currently have a consensus strong buy rating on JD.com's (JD) stock, while Seeking Alpha authors give the shares a buy rating. However, Seeking Alpha's Quant System, which historically outperforms the stock market, is a little more cautious, and gives JD.com (JD) shares a consensus rating of hold.