Amazon.com (AMZN) Scheduled to Post Earnings on Tuesday

Amazon.com (NASDAQ:AMZN - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.81 per share for the quarter. Amazon.com has set its Q1 2024 guidance at EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. On average, analysts expect Amazon.com to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Amazon.com Stock Performance

AMZN traded up $2.31 during midday trading on Tuesday, hitting $179.54. 36,956,213 shares of the company traded hands, compared to its average volume of 42,847,852. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.87 trillion, a PE ratio of 61.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17. The company's 50-day moving average is $177.60 and its 200 day moving average is $157.99. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group upped their target price on shares of Amazon.com from $180.00 to $198.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Needham & Company LLC restated a "buy" rating and set a $205.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. Wells Fargo & Company upped their target price on shares of Amazon.com from $211.00 to $217.00 and gave the company an "overweight" rating in a research note on Monday, April 1st. Maxim Group assumed coverage on shares of Amazon.com in a research report on Wednesday, April 17th. They set a "buy" rating and a $218.00 price target for the company. Finally, Monness Crespi & Hardt upped their price target on shares of Amazon.com from $170.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and a consensus target price of $203.13.

Insider Buying and Selling at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company's stock, valued at $24,214,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares of the company's stock, valued at $167,140,165,034.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock worth $5,505,889,146 over the last quarter. Insiders own 10.80% of the company's stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.