Q2 2024 Earnings Estimate for Amazon.com, Inc. (NASDAQ:AMZN) Issued By Roth Capital

Amazon.com, Inc. (NASDAQ:AMZN) – Roth Capital increased their Q2 2024 earnings estimates for shares of Amazon.com in a note issued to investors on Wednesday, May 1st. Roth Capital analyst R. Kulkarni now anticipates that the e-commerce giant will post earnings per share of $1.09 for the quarter, up from their previous estimate of $0.92. The consensus estimate for Amazon.com’s current full-year earnings is $4.08 per share. Roth Capital also issued estimates for Amazon.com’s Q3 2024 earnings at $1.23 EPS, Q4 2024 earnings at $1.19 EPS, Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.44 EPS and Q4 2025 earnings at $1.46 EPS.

A number of other analysts also recently issued reports on AMZN. Wedbush reiterated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday. Oppenheimer lifted their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday. Canaccord Genuity Group lifted their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a report on Wednesday. Finally, Evercore ISI lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday. One investment 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 company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $211.07.

Amazon.com Price Performance

NASDAQ AMZN opened at $184.72 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com has a 12-month low of $103.28 and a 12-month high of $189.77. The company has a market capitalization of $1.92 trillion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The firm’s 50 day moving average is $178.79 and its 200-day moving average is $159.95.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 20.73%. The firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the company posted $0.31 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,213,510 shares of company stock worth $5,505,811,286. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Cherrydale Wealth Management LLC lifted its position in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the period. Tompkins Financial Corp lifted its holdings in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after acquiring an additional 2,273 shares during the last quarter. Nicholas Company Inc. lifted its holdings in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after acquiring an additional 26,465 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after acquiring an additional 277,631 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. bought a new position in shares of Amazon.com in the fourth quarter worth about $1,891,000. Institutional investors own 72.20% 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.