Amazon.com, Inc. (AMZN) Expected to Post Quarterly Sales of $71.61 Billion

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Equities analysts predict that Amazon.com, Inc. (NASDAQ:AMZN) will post $71.61 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for Amazon.com’s earnings. The lowest sales estimate is $70.02 billion and the highest is $72.43 billion. Amazon.com reported sales of $60.45 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 18.5%. The business is scheduled to issue its next earnings results on Thursday, February 7th.

On average, analysts expect that Amazon.com will report full year sales of $232.69 billion for the current financial year, with estimates ranging from $230.52 billion to $235.94 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $280.40 billion, with estimates ranging from $271.90 billion to $291.20 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Amazon.com.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%.

Several research firms have issued reports on AMZN. Wedbush set a $2,100.00 price objective on Amazon.com and gave the stock a “buy” rating in a report on Tuesday, October 23rd. UBS Group restated a “buy” rating on shares of Amazon.com in a report on Friday, October 26th. Macquarie restated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 15th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, August 23rd. Finally, JMP Securities restated a “buy” rating on shares of Amazon.com in a report on Tuesday, October 30th. Three analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $2,096.01.

NASDAQ AMZN traded down $70.06 on Monday, hitting $1,629.13. 7,492,717 shares of the company were exchanged, compared to its average volume of 6,196,484. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market cap of $830.85 billion, a PE ratio of 358.05, a PEG ratio of 3.23 and a beta of 1.70. Amazon.com has a twelve month low of $1,157.00 and a twelve month high of $2,050.50.

In related news, CEO Andrew R. Jassy sold 1,726 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,566.69, for a total value of $2,704,106.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $1,981.72, for a total value of $3,963,440.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $19,817,200. The disclosure for this sale can be found here. In the last three months, insiders sold 25,842 shares of company stock valued at $42,513,241. 16.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP boosted its position in Amazon.com by 70.6% during the third quarter. Marshall Wace LLP now owns 42,924 shares of the e-commerce giant’s stock worth $85,977,000 after purchasing an additional 17,759 shares during the period. Great Lakes Advisors LLC boosted its position in Amazon.com by 51.1% during the third quarter. Great Lakes Advisors LLC now owns 10,717 shares of the e-commerce giant’s stock worth $21,466,000 after purchasing an additional 3,623 shares during the period. HM Payson & Co. bought a new stake in Amazon.com during the third quarter worth approximately $42,219,000. Carnegie Capital Asset Management LLC boosted its position in Amazon.com by 46.9% during the third quarter. Carnegie Capital Asset Management LLC now owns 13,826 shares of the e-commerce giant’s stock worth $22,078,000 after purchasing an additional 4,416 shares during the period. Finally, JGP Wealth Management LLC boosted its position in Amazon.com by 9.1% during the third quarter. JGP Wealth Management LLC now owns 537 shares of the e-commerce giant’s stock worth $1,076,000 after purchasing an additional 45 shares during the period. 55.64% of the stock is owned by institutional investors and hedge funds.

Amazon.com Company Profile

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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