Q2 2024 EPS Estimates for Amazon.com, Inc. Raised by Analyst (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZNFree Report) – Equities research analysts at William Blair raised their Q2 2024 earnings per share (EPS) estimates for Amazon.com in a research note issued to investors on Wednesday, May 1st. William Blair analyst D. Carden now anticipates that the e-commerce giant will post earnings of $1.03 per share for the quarter, up from their prior forecast of $0.87. The consensus estimate for Amazon.com’s current full-year earnings is $4.55 per share. William Blair also issued estimates for Amazon.com’s Q3 2024 earnings at $1.15 EPS, Q4 2024 earnings at $1.39 EPS, FY2024 earnings at $4.70 EPS and FY2025 earnings at $5.86 EPS.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS.

Other analysts have also recently issued research reports about the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a research report on Wednesday. Wells Fargo & Company increased their price target on Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a report on Wednesday. Oppenheimer boosted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, April 18th. Finally, Truist Financial lifted their target price on shares of Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average target price of $211.07.

Check Out Our Latest Report on Amazon.com

Amazon.com Stock Performance

Shares of AMZN opened at $186.21 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com has a 12 month low of $103.31 and a 12 month high of $189.77. The company’s fifty day moving average is $179.02 and its 200-day moving average is $160.32. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15.

Insiders Place Their Bets

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now directly owns 509,358 shares in the company, valued at $91,832,153.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the fourth quarter worth $30,000. PayPay Securities Corp raised its position in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $43,000. Finally, Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth $46,000. 72.20% of the stock is owned by institutional investors.

About Amazon.com

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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.

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

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