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$92.78 Billion in Sales Expected for Amazon.com, Inc. (NASDAQ:AMZN) This Quarter

Last updated on Saturday, September 26, 2020 | 2020 MarketBeat

Analysts forecast that Amazon.com, Inc. (NASDAQ:AMZN) will announce $92.78 billion in sales for the current quarter, Zacks reports. Twelve analysts have made estimates for Amazon.com's earnings, with estimates ranging from $91.29 billion to $95.01 billion. Amazon.com reported sales of $69.98 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 32.6%. The company is expected to announce its next earnings report on Thursday, October 22nd.

According to Zacks, analysts expect that Amazon.com will report full-year sales of $369.75 billion for the current fiscal year, with estimates ranging from $363.69 billion to $380.76 billion. For the next fiscal year, analysts anticipate that the business will report sales of $434.80 billion, with estimates ranging from $418.18 billion to $455.78 billion. Zacks' sales averages are a mean average based on a survey of research firms that that provide coverage for Amazon.com.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.74 by $8.56. The firm had revenue of $88.91 billion during the quarter, compared to analysts' expectations of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 20.47%.

Several equities analysts recently commented on the stock. Telsey Advisory Group upped their target price on shares of Amazon.com from $3,600.00 to $4,000.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Benchmark upped their target price on shares of Amazon.com from $2,650.00 to $3,675.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Citigroup upped their target price on shares of Amazon.com from $2,700.00 to $3,550.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Deutsche Bank increased their price objective on shares of Amazon.com from $3,333.00 to $4,000.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Morgan Stanley increased their price objective on shares of Amazon.com from $3,450.00 to $3,750.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and forty-eight have assigned a buy rating to the stock. The company currently has an average rating of "Buy" and an average price target of $3,388.77.

NASDAQ:AMZN opened at $3,095.13 on Friday. The stock has a market cap of $1,550.32 billion, a P/E ratio of 119.00, a PEG ratio of 3.25 and a beta of 1.32. Amazon.com has a one year low of $1,626.03 and a one year high of $3,552.25. The company has a fifty day moving average price of $3,213.50 and a 200 day moving average price of $2,658.38. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 0.97.

In related news, CFO Brian T. Olsavsky sold 1,377 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $3,173.12, for a total value of $4,369,386.24. Following the sale, the chief financial officer now directly owns 2,638 shares in the company, valued at approximately $8,370,690.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 97,654 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $3,150.09, for a total transaction of $307,618,888.86. Following the completion of the sale, the chief executive officer now owns 54,583,923 shares in the company, valued at $171,944,270,003.07. The disclosure for this sale can be found here. Insiders sold a total of 102,815 shares of company stock worth $324,095,003 over the last quarter. 16.10% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Gantzert Investment Co. LLC ADV acquired a new stake in Amazon.com during the 2nd quarter worth approximately $28,000. Lountzis Asset Management LLC acquired a new stake in Amazon.com during the 2nd quarter worth approximately $28,000. James Investment Research Inc. acquired a new stake in Amazon.com during the 2nd quarter worth approximately $55,000. Spence Asset Management raised its holdings in Amazon.com by 57.1% during the 2nd quarter. Spence Asset Management now owns 22 shares of the e-commerce giant's stock worth $61,000 after buying an additional 8 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Amazon.com by 262.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 29 shares of the e-commerce giant's stock worth $57,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 57.32% 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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