Equities analysts expect Amazon.com, Inc. (NASDAQ:AMZN) to post $50.15 billion in sales for the current fiscal quarter, according to Zacks. Thirteen analysts have provided estimates for Amazon.com’s earnings, with the highest sales estimate coming in at $50.70 billion and the lowest estimate coming in at $49.10 billion. Amazon.com reported sales of $35.71 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 40.4%. The firm is scheduled to announce its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Amazon.com will report full year sales of $50.15 billion for the current year, with estimates ranging from $231.40 billion to $237.05 billion. For the next financial year, analysts expect that the firm will post sales of $284.77 billion per share, with estimates ranging from $278.05 billion to $291.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Amazon.com.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.31. The business had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company’s quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 EPS.
AMZN has been the topic of a number of recent research reports. Vetr cut shares of Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 target price on the stock. in a report on Monday, January 29th. Wells Fargo & Co lifted their target price on shares of Amazon.com to $1,525.00 and gave the company an “outperform” rating in a report on Friday, December 1st. They noted that the move was a valuation call. Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Amazon.com in a report on Friday, February 2nd. UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, December 1st. Finally, BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Four investment analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $1,463.24.
In related news, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. Following the sale, the vice president now directly owns 6,533 shares in the company, valued at approximately $9,553,336.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the sale, the insider now owns 10,000 shares in the company, valued at $11,603,400. The disclosure for this sale can be found here. Insiders sold a total of 8,264 shares of company stock worth $11,323,672 over the last quarter. Insiders own 17.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its stake in Amazon.com by 1,045.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after purchasing an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. raised its stake in Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares during the last quarter. Truepoint Inc. raised its stake in Amazon.com by 94,448.7% in the 3rd quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock valued at $573,000 after purchasing an additional 572,359 shares during the last quarter. BlackRock Inc. raised its stake in Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Amazon.com by 125.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after purchasing an additional 457,300 shares during the last quarter. Institutional investors and hedge funds own 59.39% of the company’s stock.
Amazon.com (NASDAQ:AMZN) opened at $1,537.64 on Wednesday. The company has a market cap of $737,590.56, a price-to-earnings ratio of 250.02, a PEG ratio of 6.70 and a beta of 1.54. Amazon.com has a 1-year low of $833.50 and a 1-year high of $1,542.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76.
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Amazon.com Company Profile
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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