Amazon.com, Inc. (AMZN) Expected to Announce Earnings of $2.09 Per Share
Wall Street brokerages forecast that Amazon.com, Inc. (NASDAQ:AMZN) will announce earnings of $2.09 per share for the current quarter, according to Zacks. Thirteen analysts have provided estimates for Amazon.com’s earnings, with the highest EPS estimate coming in at $3.51 and the lowest estimate coming in at $1.19. Amazon.com reported earnings per share of $1.54 during the same quarter last year, which suggests a positive year-over-year growth rate of 35.7%. The company is expected to report its next earnings results on Thursday, February 1st.
On average, analysts expect that Amazon.com will report full-year earnings of $4.20 per share for the current year, with EPS estimates ranging from $3.21 to $4.73. For the next year, analysts expect that the firm will post earnings of $8.02 per share, with EPS estimates ranging from $3.79 to $10.39. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Amazon.com.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company’s revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share.
Several equities research analysts recently issued reports on AMZN shares. Stifel Nicolaus reissued a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a report on Tuesday, October 24th. Vetr lowered shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price objective for the company. in a report on Tuesday, July 18th. Loop Capital set a $1,200.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, October 20th. Royal Bank Of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a report on Monday, September 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,250.00 price objective (up from $1,150.00) on shares of Amazon.com in a report on Friday, October 27th. Five analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,142.08.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total value of $697,035.40. Following the completion of the sale, the chief executive officer now directly owns 15,312 shares in the company, valued at approximately $15,032,402.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian T. Olsavsky sold 2,334 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $988.90, for a total value of $2,308,092.60. Following the completion of the sale, the insider now owns 1,748 shares of the company’s stock, valued at $1,728,597.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 399,483 shares of company stock valued at $439,775,421. 17.70% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Osborn Williams & Donohoe LLC grew its holdings in Amazon.com by 1.1% in the 2nd quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after buying an additional 10 shares in the last quarter. Reinhart Partners Inc. grew its holdings in Amazon.com by 66.8% in the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after buying an additional 316 shares in the last quarter. Goelzer Investment Management Inc. grew its holdings in Amazon.com by 48.7% in the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after buying an additional 130 shares in the last quarter. Lakeview Capital Partners LLC grew its holdings in Amazon.com by 19.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after buying an additional 176 shares in the last quarter. Finally, IBM Retirement Fund grew its holdings in Amazon.com by 76.6% in the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock valued at $10,523,000 after buying an additional 4,218 shares in the last quarter. Institutional investors own 60.77% of the company’s stock.
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Amazon.com (AMZN) traded down $11.06 during trading on Friday, reaching $1,094.22. 3,658,748 shares of the company traded hands, compared to its average volume of 3,995,419. The company has a market capitalization of $527.27 billion, a PE ratio of 277.72 and a beta of 1.45.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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