Amazon.com, Inc. (NASDAQ:AMZN) Expected to Announce Earnings of $5.09 Per Share

Equities research analysts expect that Amazon.com, Inc. (NASDAQ:AMZN) will announce earnings per share (EPS) of $5.09 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Amazon.com’s earnings, with estimates ranging from $1.67 to $10.27. Amazon.com posted earnings of $14.09 per share during the same quarter last year, which suggests a negative year over year growth rate of 63.9%. The firm is expected to announce its next earnings results on Tuesday, February 1st.

According to Zacks, analysts expect that Amazon.com will report full year earnings of $41.78 per share for the current financial year, with EPS estimates ranging from $36.15 to $48.77. For the next financial year, analysts expect that the business will report earnings of $52.74 per share, with EPS estimates ranging from $32.15 to $65.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Amazon.com.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The company had revenue of $110.81 billion for the quarter, compared to the consensus estimate of $111.66 billion. During the same period last year, the company earned $12.37 earnings per share. Amazon.com’s revenue for the quarter was up 15.3% compared to the same quarter last year.

AMZN has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $4,100.00 price objective on shares of Amazon.com in a research note on Sunday, October 31st. KeyCorp reaffirmed a “buy” rating and issued a $4,000.00 price objective on shares of Amazon.com in a research note on Tuesday, September 7th. Morgan Stanley reduced their price objective on shares of Amazon.com from $4,100.00 to $4,000.00 and set an “overweight” rating on the stock in a research note on Friday, October 29th. The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $4,250.00 to $4,100.00 and set a “buy” rating on the stock in a research note on Friday, October 29th. Finally, Guggenheim assumed coverage on shares of Amazon.com in a report on Tuesday. They issued a “buy” rating and a $4,300.00 target price on the stock. One analyst has rated the stock with a hold rating and forty have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $4,144.44.

Shares of AMZN traded up $0.37 during mid-day trading on Thursday, hitting $3,580.41. 2,321,583 shares of the company traded hands, compared to its average volume of 3,432,806. Amazon.com has a one year low of $2,881.00 and a one year high of $3,773.08. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $3,409.89 and a 200 day moving average of $3,403.96. The stock has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 70.04, a PEG ratio of 3.84 and a beta of 1.11.

In other news, Director Jonathan Rubinstein sold 286 shares of the firm’s stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $3,500.00, for a total value of $1,001,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 954 shares of Amazon.com stock in a transaction on Monday, November 15th. The shares were sold at an average price of $3,537.00, for a total transaction of $3,374,298.00. The disclosure for this sale can be found here. Insiders sold 86,498 shares of company stock worth $293,480,991 over the last ninety days. 14.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. OLD Mission Capital LLC purchased a new stake in shares of Amazon.com during the 3rd quarter valued at about $605,000. Ironwood Wealth Management LLC. boosted its stake in Amazon.com by 40.6% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,787 shares of the e-commerce giant’s stock worth $5,529,000 after purchasing an additional 516 shares during the period. Beaton Management Co. Inc. boosted its stake in Amazon.com by 1.0% in the 1st quarter. Beaton Management Co. Inc. now owns 1,172 shares of the e-commerce giant’s stock worth $3,626,000 after purchasing an additional 12 shares during the period. Farr Miller & Washington LLC DC boosted its stake in Amazon.com by 20.1% in the 1st quarter. Farr Miller & Washington LLC DC now owns 1,189 shares of the e-commerce giant’s stock worth $3,679,000 after purchasing an additional 199 shares during the period. Finally, Scholtz & Company LLC raised its holdings in shares of Amazon.com by 8.8% during the 1st quarter. Scholtz & Company LLC now owns 5,731 shares of the e-commerce giant’s stock worth $17,732,000 after acquiring an additional 462 shares in the last quarter. 57.48% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Company Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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

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