JD.com EPS to Plunge 93% Despite 2.86% Rally; Dingdong Sells to Meituan
JD.com outperformed with a 2.86% stock gain even as its EPS forecast of $0.07 signals a 93% year-over-year drop alongside 5.6% revenue growth to $50.22 billion. Dingdong has sold its China instant-commerce arm to Meituan for $717 million, reducing JD.com’s competitive pressure in grocery delivery.
1. Q4 Outlook and Stock Performance
JD.com’s ADR rose 2.86% in the latest session, outpacing the S&P 500’s 2.05% gain, despite a 7.92% drop over the past month relative to its sector. Analysts project Q4 EPS of $0.07, a 93.14% decline from last year, on revenue of $50.22 billion, up 5.64% year-over-year; the shares trade at a forward P/E of 9.6 and carry a Zacks Rank #5 (Strong Sell).
2. Dingdong’s Sale to Meituan
Influential instant-commerce operator Dingdong agreed to sell its core China business to Meituan for $717 million, triggering a 14% drop in Dingdong shares. The deal consolidates the grocery delivery market and eases competitive pressure on JD.com, positioning Meituan as a larger rival in same-day online retail.