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JD.com First-Quarter Profit Likely Fell Despite Higher Revenue -- Earnings Preview

Dow Jones05-15

 

By Tracy Qu

 

JD.com is scheduled to report results for the first quarter on Thursday. Here is what you need to know:

 

NET PROFIT: The Chinese e-commerce giant's net profit is expected at 5.26 billion yuan ($727.2 million) for the quarter, according to the consensus estimate of 13 analysts polled by FactSet. That would be a 16% decline from a year earlier.

REVENUE: The Beijing-based company's quarterly revenue is estimated to rise 6.4% to CNY258.47 billion, according to FactSet.

JD.com's Hong Kong-listed shares fell 4.1% in the first quarter. Ahead of Thursday's trading, year-to-date gains stood at 15%.

 

WHAT TO WATCH

--E-COMMERCE: Investors will be interested in how JD.com's e-commerce sales performed, as Chinese e-commerce players are boosting investment in user experiences in the hope of winning more consumers amid fierce competition. CCB International analyst Cathy Chan said in a research note that the company's gross merchandise value growth will likely outpace the industry this year. Jefferies analysts Thomas Chong and Zoey Zong say in a note that they expect revenue from the company's retail business to rise 6% from a year earlier, thanks to user traffic brought by its Spring Festival Gala sponsorship and investment in user experience.

--SHAREHOLDER RETURN: JD.com's three-year share repurchase program is effective through March 2027. Analysts are keen to see if the company plans to return more capital to shareholders.

 

Write to Tracy Qu at tracy.qu@wsj.com

 

(END) Dow Jones Newswires

May 15, 2024 03:35 ET (07:35 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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  • 段丽华
    ·05-16
    为什么没看到京东公布业绩
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