Amazon.com, Inc. (AMZN) Expected to Post Earnings of $0.08 Per Share
Equities research analysts expect Amazon.com, Inc. (NASDAQ:AMZN) to post $0.08 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Amazon.com’s earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at $0.29. Amazon.com reported earnings per share of $0.52 during the same quarter last year, which would suggest a negative year over year growth rate of 84.6%. The business is scheduled to announce its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Amazon.com will report full year earnings of $4.00 per share for the current year, with EPS estimates ranging from $2.66 to $6.90. For the next year, analysts anticipate that the company will report earnings of $8.59 per share, with EPS estimates ranging from $4.91 to $11.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Amazon.com.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. Amazon.com’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 EPS.
A number of research firms recently weighed in on AMZN. UBS AG lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 25th. TheStreet lowered shares of Amazon.com from a “b-” rating to a “c+” rating in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $1,275.00 target price on shares of Amazon.com in a report on Friday, July 28th. KeyCorp restated a “hold” rating on shares of Amazon.com in a report on Thursday, June 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $1,025.00 target price on shares of Amazon.com in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,058.27.
In related news, Director Tom A. Alberg sold 735 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $952.80, for a total value of $700,308.00. Following the completion of the transaction, the director now directly owns 21,120 shares of the company’s stock, valued at approximately $20,123,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,697,300. The disclosure for this sale can be found here. Insiders sold a total of 12,915 shares of company stock worth $12,698,264 over the last 90 days. Company insiders own 17.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. OLD Second National Bank of Aurora raised its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Clear Investment Research LLC raised its position in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the period. WealthTrust Arizona LLC raised its position in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the period. Ibex Wealth Advisors purchased a new position in Amazon.com during the fourth quarter valued at $113,000. Finally, LeJeune Puetz Investment Counsel LLC purchased a new position in Amazon.com during the second quarter valued at $116,000. 62.50% of the stock is owned by institutional investors.
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Shares of Amazon.com (AMZN) traded up 0.07% during trading on Wednesday, hitting $987.58. The stock had a trading volume of 2,730,308 shares. The firm has a 50-day moving average of $999.29 and a 200 day moving average of $918.57. The company has a market capitalization of $474.41 billion, a P/E ratio of 251.16 and a beta of 1.48. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,083.31.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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