Amazon.com (AMZN) Set to Announce Quarterly Earnings on Thursday

Amazon.com (NASDAQ:AMZN) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. 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.Parties that wish to register for the company’s conference call can do so using this link.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company 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 business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior 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 %

Shares of NASDAQ:AMZN opened at $179.54 on Wednesday. The company has a 50 day moving average of $177.60 and a 200-day moving average of $157.99. The firm has a market cap of $1.87 trillion, a P/E ratio of 61.91, a P/E/G ratio of 1.52 and a beta of 1.17. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the 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 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 document filed with the SEC, which is accessible through the SEC website. In related news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 in the company, valued at $18,150,723.20. 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 owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. Wolfe Research upped their price target on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada upped their price target on shares of Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. TD Cowen upped their price target on shares of Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. JMP Securities upped their price target on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $200.00 target price on shares of Amazon.com in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $203.13.

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.