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.

TRADEMARK VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/11/03/amazon-com-inc-amzn-expected-to-announce-earnings-of-2-09-per-share.html.

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.

About Amazon.com

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.

Get a free copy of the Zacks research report on Amazon.com (AMZN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.