JD.com is set to announce its third-quarter results for 2023 on November 15th, with a conference call scheduled for 7 am ET.
The outlook on JD's short-term performance is neutral, but there's a positive sentiment towards its third-quarter margins and profitability.
Retail data suggests a rebound in China's economy, with retail growth recovering from a low in July to stronger year-over-year growth in September.
Despite a slower-than-expected economic recovery pressuring e-commerce, government stimulus and aggressive monetary policies, like the substantial medium-term lending facility operations in September, are expected to eventually reflect positively in the economy.
JD's Gross Merchandise Volume (GMV) is projected to grow by 8.7% year-over-year in 3Q23, with particular strength in mobile handsets, digital products, and home appliances.
However, growth in home appliances and furniture is anticipated to slow compared to the previous quarter, aligning with the trends in China's real estate market.