$41.09 Billion in Sales Expected for Amazon.com, Inc. (AMZN) This Quarter
Wall Street analysts forecast that Amazon.com, Inc. (NASDAQ:AMZN) will report $41.09 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Amazon.com’s earnings, with the highest sales estimate coming in at $41.60 billion and the lowest estimate coming in at $40.56 billion. Amazon.com posted sales of $32.71 billion during the same quarter last year, which would indicate a positive year over year growth rate of 25.6%. The firm is expected to report its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Amazon.com will report full-year sales of $41.09 billion for the current year, with estimates ranging from $167.19 billion to $171.81 billion. For the next financial year, analysts expect that the firm will report sales of $206.68 billion per share, with estimates ranging from $200.45 billion to $212.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Amazon.com.
Amazon.com (NASDAQ:AMZN) last posted 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. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter last year, the business posted $1.78 EPS. The business’s revenue for the quarter was up 24.8% on a year-over-year basis.
AMZN has been the subject of several analyst reports. Robert W. Baird upgraded Amazon.com from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Royal Bank Of Canada decreased their target price on Amazon.com from $1,100.00 to $900.00 and set an “outperform” rating for the company in a research report on Monday, May 1st. Vetr upgraded Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 target price for the company in a research report on Monday, July 3rd. Citigroup Inc. restated a “buy” rating and set a $1,200.00 target price (down from $1,220.00) on shares of Amazon.com in a research report on Sunday, July 30th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Amazon.com in a research report on Monday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. Amazon.com currently has an average rating of “Buy” and a consensus price target of $1,058.27.
Amazon.com (NASDAQ AMZN) opened at 986.92 on Friday. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31. The firm has a 50 day moving average of $999.29 and a 200 day moving average of $918.57. The firm has a market capitalization of $474.10 billion, a PE ratio of 251.00 and a beta of 1.48.
In other Amazon.com news, Director Tom A. Alberg sold 735 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $952.80, for a total transaction of $700,308.00. Following the completion of the transaction, the director now owns 21,120 shares of the company’s stock, valued at approximately $20,123,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The disclosure for this sale can be found here. Insiders have sold a total of 12,915 shares of company stock valued at $12,698,264 over the last 90 days. 17.70% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Bridgeworth LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $390,000. Cigna Investments Inc. New purchased a new position in Amazon.com during the fourth quarter worth about $11,707,000. Stockbridge Partners LLC boosted its position in Amazon.com by 108.2% in the fourth quarter. Stockbridge Partners LLC now owns 119,881 shares of the e-commerce giant’s stock worth $89,895,000 after buying an additional 62,312 shares during the last quarter. Hengehold Capital Management LLC boosted its position in Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock worth $340,000 after buying an additional 13 shares during the last quarter. Finally, Boston Advisors LLC boosted its position in Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock worth $84,277,000 after buying an additional 10,014 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.
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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 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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