JD.com, Inc. JD is slated to report fourth-quarter 2023 results on Mar 6.
For the fourth quarter, the Zacks Consensus Estimate for revenues is pegged at $42.56 billion, indicating a decline of 0.6% from the year-ago quarter’s reported figure.
The consensus mark for earnings is pegged at 65 cents per share, suggesting a 7.1% decrease from the prior-year quarter’s number.
JD.com surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an earnings surprise of 14.5% on average.
Factors to Note
The company’s strong momentum across the JD Retail segment is expected to have been the key growth driver in the fourth quarter.
JD.com’s strong relationships with high-end brands may have contributed well. Moreover, the increasing number of flagship stores on JD’s platform is likely to have benefited the segment. GUCCI and DE BEERS on JD.com are expected to have continued to benefit JD Retail’s fourth-quarter performance.
Also, JD partnered with French luxury fashion group SMCP, whose brands like SANDRO, MAJE, and CLAUDIE PIERLOT opened flagship stores on JD’s platform.
Strengthening omnichannel offerings of JD are also expected to get reflected in its quarterly results.
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