Amazon.com, Inc. (AMZN) Expected to Post Earnings of $5.28 Per Share

Analysts forecast that Amazon.com, Inc. (NASDAQ:AMZN) will announce earnings of $5.28 per share for the current quarter, Zacks Investment Research reports. Fourteen analysts have made estimates for Amazon.com’s earnings, with the highest EPS estimate coming in at $6.77 and the lowest estimate coming in at $4.34. Amazon.com posted earnings of $5.07 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.1%. The business is scheduled to issue its next earnings results on Thursday, July 25th.

On average, analysts expect that Amazon.com will report full-year earnings of $26.55 per share for the current financial year, with EPS estimates ranging from $21.53 to $32.68. For the next fiscal year, analysts anticipate that the firm will post earnings of $38.37 per share, with EPS estimates ranging from $28.08 to $45.24. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Amazon.com.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The firm had revenue of $59.70 billion during the quarter, compared to analyst estimates of $59.73 billion. During the same period last year, the firm posted $3.27 EPS. The business’s revenue was up 17.0% compared to the same quarter last year.

AMZN has been the subject of a number of research analyst reports. BidaskClub downgraded Amazon.com from a “hold” rating to a “sell” rating in a research report on Saturday, February 9th. Cleveland Research began coverage on Amazon.com in a research note on Thursday, February 28th. They issued a “buy” rating on the stock. Wells Fargo & Co set a $2,100.00 price target on Amazon.com and gave the stock a “buy” rating in a research note on Monday, March 18th. Evercore ISI began coverage on Amazon.com in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $1,965.00 price target on the stock. Finally, Oppenheimer lifted their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus price target of $2,196.39.

AMZN stock opened at $1,738.50 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. The stock has a market cap of $851.52 billion, a price-to-earnings ratio of 86.32, a P/E/G ratio of 1.97 and a beta of 1.62. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,050.50.

In other news, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total transaction of $696,723.28. Following the completion of the sale, the vice president now directly owns 6,307 shares in the company, valued at approximately $11,594,284.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total transaction of $4,836,050.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $19,344,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,932 shares of company stock valued at $24,196,737. 16.10% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. HC Financial Advisors Inc. grew its stake in Amazon.com by 22.6% in the 3rd quarter. HC Financial Advisors Inc. now owns 315 shares of the e-commerce giant’s stock worth $631,000 after acquiring an additional 58 shares during the period. Hendley & Co. Inc. purchased a new stake in Amazon.com in the 3rd quarter worth approximately $3,377,000. Braun Stacey Associates Inc. grew its stake in Amazon.com by 4.6% in the 3rd quarter. Braun Stacey Associates Inc. now owns 21,445 shares of the e-commerce giant’s stock worth $42,954,000 after acquiring an additional 947 shares during the period. Sunesis Advisors LLC purchased a new stake in Amazon.com in the 3rd quarter worth approximately $286,000. Finally, Hodges Capital Management Inc. grew its stake in Amazon.com by 20.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 292 shares of the e-commerce giant’s stock worth $585,000 after acquiring an additional 50 shares during the period. Institutional investors own 55.49% of the company’s stock.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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

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