Zacks: Analysts Expect Amazon.com, Inc. (NASDAQ:AMZN) Will Post Earnings of $4.82 Per Share
Analysts expect Amazon.com, Inc. (NASDAQ:AMZN) to report earnings of $4.82 per share for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Amazon.com’s earnings, with estimates ranging from $3.35 to $7.80. Amazon.com reported earnings of $5.75 per share in the same quarter last year, which indicates a negative year over year growth rate of 16.2%. The firm is scheduled to report its next earnings report on Thursday, October 24th.
According to Zacks, analysts expect that Amazon.com will report full year earnings of $24.52 per share for the current year, with EPS estimates ranging from $20.58 to $29.15. For the next financial year, analysts anticipate that the company will post earnings of $33.62 per share, with EPS estimates ranging from $23.40 to $42.75. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Amazon.com.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The company had revenue of $63.40 billion for the quarter, compared to the consensus estimate of $62.59 billion. During the same period last year, the company earned $5.07 EPS. Amazon.com’s revenue for the quarter was up 19.9% compared to the same quarter last year.
In other news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now directly owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 20th. The stock was sold at an average price of $1,858.25, for a total transaction of $1,858,250.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $18,582,500. The disclosure for this sale can be found here. Insiders have sold a total of 9,071 shares of company stock valued at $18,000,250 over the last ninety days. 16.10% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Enterprise Trust & Investment Co purchased a new position in Amazon.com in the 2nd quarter worth $27,000. Signet Investment Advisory Group Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at about $33,000. Financial Advantage Inc. purchased a new position in shares of Amazon.com in the fourth quarter valued at about $45,000. Litman Gregory Asset Management LLC purchased a new position in shares of Amazon.com in the second quarter valued at about $53,000. Finally, Clear Investment Research LLC increased its position in shares of Amazon.com by 27.6% in the second quarter. Clear Investment Research LLC now owns 37 shares of the e-commerce giant’s stock valued at $70,000 after acquiring an additional 8 shares during the period. Institutional investors own 57.17% of the company’s stock.
Shares of AMZN stock opened at $1,824.34 on Friday. The business’s 50 day moving average is $1,915.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The stock has a market cap of $894.13 billion, a price-to-earnings ratio of 90.58, a P/E/G ratio of 2.29 and a beta of 1.55.
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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