Amazon.com (AMZN) to Release Quarterly Earnings on Tuesday

Amazon.com (NASDAQ:AMZN) will be announcing its earnings results 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.Investors interested in registering for the company’s conference call can do so using this link.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. 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 Trading Up 1.5 %

Shares of AMZN stock opened at $177.23 on Tuesday. The business’s fifty day moving average is $177.38 and its 200 day moving average is $157.63. Amazon.com has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $1.84 trillion, a PE ratio of 61.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Canaccord Genuity Group raised their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Monness Crespi & Hardt raised their price target on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price target on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, UBS Group raised their price target on Amazon.com from $180.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $202.80.

About Amazon.com

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.