Brokerages Anticipate Amazon.com, Inc. (AMZN) Will Announce Earnings of $5.61 Per Share
Equities research analysts expect Amazon.com, Inc. (NASDAQ:AMZN) to post $5.61 earnings per share for the current quarter, according to Zacks. Thirteen analysts have made estimates for Amazon.com’s earnings, with the highest EPS estimate coming in at $8.31 and the lowest estimate coming in at $4.60. Amazon.com posted earnings of $2.16 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 159.7%. The business is scheduled to report its next earnings report on Thursday, February 7th.
On average, analysts expect that Amazon.com will report full-year earnings of $19.37 per share for the current fiscal year, with EPS estimates ranging from $16.36 to $21.59. For the next year, analysts expect that the company will post earnings of $26.64 per share, with EPS estimates ranging from $22.41 to $31.96. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Amazon.com.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion during 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%.
NASDAQ AMZN traded up $20.43 on Thursday, reaching $1,619.44. The company had a trading volume of 8,046,589 shares, compared to its average volume of 5,392,784. The stock has a market cap of $800.37 billion, a PE ratio of 355.92, a P/E/G ratio of 3.13 and a beta of 1.70. Amazon.com has a 1 year low of $1,122.55 and a 1 year high of $2,050.50. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63.
In other Amazon.com news, Director Patricia Q. Stonesifer sold 1,375 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $1,678.99, for a total value of $2,308,611.25. Following the sale, the director now directly owns 9,127 shares of the company’s stock, valued at $15,324,141.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 1,645 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $1,877.32, for a total value of $3,088,191.40. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $18,773,200. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,092 shares of company stock worth $49,077,119. Corporate insiders own 16.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in Amazon.com by 0.6% in the third quarter. BlackRock Inc. now owns 25,546,629 shares of the e-commerce giant’s stock worth $51,169,896,000 after buying an additional 144,135 shares during the period. FMR LLC increased its holdings in shares of Amazon.com by 1.9% during the third quarter. FMR LLC now owns 17,575,742 shares of the e-commerce giant’s stock valued at $35,204,211,000 after purchasing an additional 330,516 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of Amazon.com by 180,406.1% during the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares during the period. Northern Trust Corp increased its holdings in shares of Amazon.com by 1.1% during the second quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after purchasing an additional 50,552 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Amazon.com by 1.8% during the second quarter. Morgan Stanley now owns 4,637,654 shares of the e-commerce giant’s stock valued at $7,883,083,000 after purchasing an additional 81,024 shares during the period. 56.56% of the stock is currently owned by hedge funds and other 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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