Brokerages Expect Amazon.com, Inc. (AMZN) Will Post Earnings of $4.61 Per Share

Equities analysts forecast that Amazon.com, Inc. (NASDAQ:AMZN) will report earnings per share (EPS) of $4.61 for the current fiscal quarter, Zacks Investment Research reports. Fourteen analysts have provided estimates for Amazon.com’s earnings. The lowest EPS estimate is $3.60 and the highest is $5.70. Amazon.com reported earnings per share of $3.27 during the same quarter last year, which would suggest a positive year-over-year growth rate of 41%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, April 25th.

On average, analysts expect that Amazon.com will report full-year earnings of $26.64 per share for the current year, with EPS estimates ranging from $21.85 to $32.60. For the next year, analysts anticipate that the business will report earnings of $39.86 per share, with EPS estimates ranging from $31.20 to $47.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Amazon.com.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $2.48. The company had revenue of $59.70 billion for the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. Amazon.com’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.27 EPS.

Several brokerages have issued reports on AMZN. Stifel Nicolaus reissued a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a research note on Monday. Wedbush reissued an “outperform” rating and issued a $1,861.69 price objective on shares of Amazon.com in a research note on Monday. Societe Generale began coverage on shares of Amazon.com in a research note on Monday, April 8th. They issued a “buy” rating and a $2,370.00 price objective on the stock. Oppenheimer boosted their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, CIBC boosted their price objective on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Four research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $2,133.35.

In related news, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the sale, the director now directly owns 7,861 shares in the company, valued at approximately $12,593,322. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the completion of the sale, the senior vice president now owns 46,596 shares in the company, valued at $75,314,978.64. The disclosure for this sale can be found here. Insiders sold a total of 7,075 shares of company stock worth $11,802,708 over the last quarter. Insiders own 16.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AMZN. Brand Asset Management Group Inc. purchased a new position in Amazon.com in the 1st quarter valued at about $30,000. Signet Investment Advisory Group Inc. purchased a new position in Amazon.com in the 4th quarter valued at about $33,000. ERTS Wealth Advisors LLC purchased a new position in Amazon.com in the 4th quarter valued at about $35,000. Phocas Financial Corp. acquired a new position in shares of Amazon.com during the 4th quarter valued at about $35,000. Finally, WP Advisors LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 56.03% of the company’s stock.

AMZN traded up $0.50 during trading on Thursday, hitting $1,902.25. The stock had a trading volume of 4,274,301 shares, compared to its average volume of 4,818,619. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10. The stock has a market capitalization of $946.60 billion, a P/E ratio of 94.45, a P/E/G ratio of 2.32 and a beta of 1.63. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,050.50.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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