Amazon.com (AMZN) Scheduled to Post Earnings on Thursday

Amazon.com (NASDAQ:AMZN) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Amazon.com to post earnings of $0.81 per share for the quarter. Amazon.com has set its Q1 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. 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 1.3 %

NASDAQ:AMZN opened at $179.54 on Wednesday. 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 firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 61.91, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77. The firm has a 50-day moving average price of $177.60 and a two-hundred day moving average price of $157.99.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays increased their target price on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Raymond James increased their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Wedbush reissued an “outperform” rating and set a $220.00 target price on shares of Amazon.com in a research report on Wednesday, April 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. 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 MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $203.13.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on 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 owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. 10.80% of the stock is currently owned by corporate insiders.

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.