Roth Capital Has Strong Estimate for Amazon.com Q4 Earnings

Amazon.com, Inc. (NASDAQ:AMZN) – Investment analysts at Roth Capital lifted their Q4 2024 earnings estimates for Amazon.com in a report released on Friday, November 1st. Roth Capital analyst R. Kulkarni now expects that the e-commerce giant will post earnings per share of $1.47 for the quarter, up from their previous forecast of $1.26. The consensus estimate for Amazon.com’s current full-year earnings is $4.84 per share. Roth Capital also issued estimates for Amazon.com’s Q1 2025 earnings at $1.43 EPS, Q2 2025 earnings at $1.37 EPS and Q4 2025 earnings at $1.72 EPS.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 23.46%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share.

Other analysts have also recently issued reports about the stock. Oppenheimer raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday. DA Davidson reaffirmed a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Friday. Sanford C. Bernstein raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.02.

Amazon.com Stock Performance

AMZN stock opened at $197.93 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a market cap of $2.08 trillion, a P/E ratio of 42.38, a P/E/G ratio of 1.42 and a beta of 1.14. The firm has a 50 day simple moving average of $184.82 and a 200 day simple moving average of $183.77. Amazon.com has a 52 week low of $136.47 and a 52 week high of $201.20.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP David Zapolsky sold 9,490 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the sale, the senior vice president now owns 64,610 shares in the company, valued at approximately $11,686,656.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,855 shares of company stock worth $9,215,048 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Phillips Wealth Planners LLC lifted its position in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after buying an additional 14,766 shares in the last quarter. GAMMA Investing LLC lifted its position in Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after buying an additional 19,231 shares in the last quarter. Stonekeep Investments LLC acquired a new position in Amazon.com during the 2nd quarter worth about $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Amazon.com by 164.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after buying an additional 654,908 shares in the last quarter. Institutional investors and hedge funds 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.