JD.com Is About to Report Q2 Earnings Tomorrow. Here Is What to Expect
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Meanwhile, revenues are expected to rise by 16% from the same quarter last year, reaching $46.6 billion, according to data from the TipRanks Forecast page. Investors will look forward to management's commentary on tariffs, JD.com's aggressive growth in food delivery, and AI (artificial intelligence)-related tailwinds.
Analyst's Take Ahead of Q2 Earnings
Ahead of the Q2 print, Citi analyst Alicia Yap renewed her Buy rating on JD.com stock with a $42 price target, following a period of rating suspension. The price target implies a 34.7% upside potential from the current levels.
The analyst expects JD.com to post strong Q2 results, driven by growth in its main retail units. She sees revenue rising 15.3% year-over-year to RMB 336 billion. Electronics sales are set to grow 16.6% to RMB 169 billion, while general goods sales may rise 15% to RMB 102.2 billion. However, non-GAAP net profit is expected to drop 68% to RMB 4.68 billion.
For the third quarter, Citi projects revenue growth of 10.7% year-over-year to RMB 288.1 billion and non-GAAP net profit of RMB 4.58 billion.
Options Traders Anticipate a Minor Move
Using TipRanks' Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don't worry; the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 5.98% move in either direction.
Is JD Stock a Buy or Sell?
JD stock price target of $42.13 implies 31.16% upside potential.
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