Amazon.com (AMZN) Set to Announce Quarterly Earnings on Thursday
Amazon.com (NASDAQ:AMZN) is scheduled to issue its Q114 quarterly earnings data on Thursday, April 24th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $19.42 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.16. The company had revenue of $25.59 billion for the quarter, compared to the consensus estimate of $26.06 billion. On average, analysts expect Amazon.com to post $1.94 EPS for the current fiscal year and $4.26 EPS for the next fiscal year.
Shares of Amazon.com (NASDAQ:AMZN) opened at 329.32 on Wednesday. Amazon.com has a 52 week low of $245.75 and a 52 week high of $408.06. The stock’s 50-day moving average is $347.3 and its 200-day moving average is $361.9. The company has a market cap of $151.2 billion and a P/E ratio of 560.80.
A number of research firms have recently commented on AMZN. Analysts at Argus upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $480.00 price target on the stock. On a related note, analysts at S&P Equity Research reiterated a “sell” rating on shares of Amazon.com in a research note on Thursday, April 3rd. Finally, analysts at Oppenheimer raised their price target on shares of Amazon.com from $440.00 to $455.00 in a research note on Tuesday, March 18th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Amazon.com has an average rating of “Buy” and an average target price of $417.11.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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