Brokerages predict that Amazon.com, Inc. (NASDAQ:AMZN) will report $71.61 billion in sales for the current fiscal quarter, Zacks reports. Thirteen analysts have provided estimates for Amazon.com’s earnings. The highest sales estimate is $72.43 billion and the lowest is $70.02 billion. Amazon.com reported sales of $60.45 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 18.5%. The firm is scheduled to announce its next earnings report on Thursday, February 7th.
According to Zacks, analysts expect that Amazon.com will report full-year sales of $232.69 billion for the current financial year, with estimates ranging from $230.52 billion to $235.94 billion. For the next year, analysts forecast that the company will report sales of $280.40 billion, with estimates ranging from $271.90 billion to $291.20 billion. Zacks Investment Research’s sales averages are an 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 25th. The e-commerce giant reported $5.75 EPS for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. The company had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%.
A number of equities research analysts have recently commented on the company. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a research note on Friday. Nomura reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday. William Blair reiterated an “outperform” rating on shares of Amazon.com in a research note on Monday, October 29th. Finally, JMP Securities reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, October 30th. Four analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $2,091.53.
NASDAQ AMZN opened at $1,712.43 on Friday. The firm has a market cap of $803.28 billion, a PE ratio of 376.36, a price-to-earnings-growth ratio of 3.14 and a beta of 1.70. Amazon.com has a one year low of $1,121.63 and a one year high of $2,050.50. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63.
In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $20,042,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 1,927 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total value of $3,661,222.92. Following the transaction, the senior vice president now directly owns 3,161 shares of the company’s stock, valued at approximately $6,005,773.56. The disclosure for this sale can be found here. Insiders have sold a total of 36,327 shares of company stock valued at $64,744,896 in the last ninety days. Insiders own 16.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. JJJ Advisors Inc. purchased a new position in shares of Amazon.com during the second quarter worth about $175,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Amazon.com by 31.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock worth $139,868,000 after buying an additional 19,500 shares during the last quarter. Vista Equity Partners Management LLC lifted its position in Amazon.com by 44.3% in the 1st quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock worth $18,565,000 after buying an additional 3,936 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Amazon.com by 5.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock worth $43,408,000 after buying an additional 1,342 shares during the last quarter. Finally, Buffington Mohr McNeal lifted its position in Amazon.com by 13.8% in the 2nd quarter. Buffington Mohr McNeal now owns 666 shares of the e-commerce giant’s stock worth $1,132,000 after buying an additional 81 shares during the last quarter. 56.59% of the stock is owned by institutional investors.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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