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.
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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7 Retail Stocks That Defied The Pandemic
When the COVID-19 pandemic struck there was no reason to think a retailer, any retailer, would be able to come out alive. After all, the economy was looking at a month or more of shut-down and most retailers survive on a thread of profits. What most analysts failed to consider is the health of the economy going into the pandemic and what that meant for spending power.
The U.S. economy was on the brink of acceleration way back in February of 2020. It was a different time, employment was at its strongest in decades and the consumer was flush. Yes, the stimulus checks helped drive the trends I am alluding to but spending on Stay-at-Home, Home-Improvement, and Outdoor Living began well before those checks were mailed.
What we are about to show you is a group of stocks that were able to defy the pandemic. Some of them were perfectly positioned for the crisis and surfed it like the wave of profits it was. Some were able to adjust and come back fighting. Others circled the wagons and waited out the storm. In all cases, the businesses are supported by a healthy eCommerce presence and benefit from brand recognition, a combination that has digital sales up triple-digits from 2019. And some of them pay a good dividend too!
View the "7 Retail Stocks That Defied The Pandemic".