JD.com, Inc. (NASDAQ:JD) is expected to report third-quarter 2018 results on Nov 12.
The company surpassed estimates only once in the trailing four quarters, recording average positive earnings surprise of 0.14%. Notably, the company reported a negative earnings surprise of 58.33% in the second-quarter 2018.
Shares of JD.com have lost 43.1% on a year-to-date basis against the industry’s rally of 1%.
Let's see how things are shaping up for this announcement.
What Our Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has good chance of beating estimates if it also has a positive Earnings ESP. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
JD.com has a Zacks Rank #5 (Strong Sell) and an Earnings ESP of +37.50%. Such a combination makes surprise prediction difficult.
Stocks That Warrant a Look
Here are some stocks worth considering as our model shows that these have the right combination of elements to deliver anearnings beat in the upcoming releases.
Adobe Systems (NASDAQ:ADBE) has an Earnings ESP of +0.19% and Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Box (NYSE:BOX) has an Earnings ESP of +5.41% and a Zacks Rank #3.
Semtech Corporation (NASDAQ:SMTC) has an Earnings ESP of +1.64% and a Zacks Rank #3.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
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