JD.com Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

JD.com, Inc. JD is set to release earnings results for its first quarter before the opening bell on May 16, 2024.

Analysts expect the China-based company to report quarterly earnings at 64 cents per share, down from 66 cents per share in the year-ago period. JD.com is projected to report quarterly revenue of $35.62 billion, compared to $33.64 billion a year ago, according to data from Benzinga Pro.

During March, JD.com announced it would not pursue an acquisition of British electrical retailer Currys.

JD.com shares rose 0.8% to close at $33.62 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Loop Capital analyst Rob Sanderson maintained a Hold rating and raised the price target from $26 to $35 on May 13. This analyst has an accuracy rate of 63%.
• Benchmark analyst Fawne Jiang reiterated a Buy rating with a price target of $55 on April 16. This analyst has an accuracy rate of 65%.
• Susquehanna analyst Shyam Patil maintained a Neutral rating and cut the price target from $30 to $28 on March 11. This analyst has an accuracy rate of 64%.
• Barclays analyst Jiong Shao maintained an Overweight rating and raised the price target from $35 to $39 on March 7. This analyst has an accuracy rate of 66%.
• Mizuho analyst James Lee maintained a Buy rating and increased the price target from $32 to $33 on March 7. This analyst has an accuracy rate of 78%.

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