Analysts predict that Amazon.com, Inc. (NASDAQ:AMZN) will report $72.32 billion in sales for the current fiscal quarter, according to Zacks. Thirteen analysts have issued estimates for Amazon.com’s earnings, with the highest sales estimate coming in at $72.84 billion and the lowest estimate coming in at $71.66 billion. Amazon.com posted sales of $59.70 billion during the same quarter last year, which would indicate a positive year over year growth rate of 21.1%. The business is expected to issue its next quarterly earnings results on Thursday, April 23rd.
According to Zacks, analysts expect that Amazon.com will report full year sales of $334.32 billion for the current year, with estimates ranging from $328.17 billion to $338.52 billion. For the next fiscal year, analysts anticipate that the business will post sales of $391.37 billion, with estimates ranging from $374.76 billion to $407.68 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Amazon.com.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, January 30th. The e-commerce giant reported $6.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $2.49. Amazon.com had a net margin of 4.13% and a return on equity of 21.07%. The company had revenue of $87.44 billion for the quarter, compared to analyst estimates of $86.09 billion. During the same period last year, the firm earned $6.04 earnings per share. The firm’s revenue was up 20.8% on a year-over-year basis.
In other news, CEO Jeffrey A. Wilke sold 200 shares of Amazon.com stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $1,865.34, for a total value of $373,068.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $18,653,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 324,686 shares of Amazon.com stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $2,051.70, for a total transaction of $666,158,266.20. Following the completion of the transaction, the chief executive officer now owns 56,143,208 shares of the company’s stock, valued at approximately $115,189,019,853.60. The disclosure for this sale can be found here. Insiders sold 716,969 shares of company stock valued at $1,465,051,075 in the last quarter. Corporate insiders own 16.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Cerebellum GP LLC grew its stake in Amazon.com by 18.0% in the 3rd quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock valued at $69,000 after buying an additional 9 shares during the last quarter. AMI Investment Management Inc. grew its position in shares of Amazon.com by 13.8% during the 3rd quarter. AMI Investment Management Inc. now owns 322 shares of the e-commerce giant’s stock worth $559,000 after purchasing an additional 39 shares in the last quarter. YHB Investment Advisors Inc. grew its position in shares of Amazon.com by 6.6% during the 3rd quarter. YHB Investment Advisors Inc. now owns 8,105 shares of the e-commerce giant’s stock worth $14,070,000 after purchasing an additional 505 shares in the last quarter. Well Done LLC grew its position in shares of Amazon.com by 10.7% during the 3rd quarter. Well Done LLC now owns 155 shares of the e-commerce giant’s stock worth $269,000 after purchasing an additional 15 shares in the last quarter. Finally, United Capital Management of KS Inc. grew its position in shares of Amazon.com by 2.2% during the 3rd quarter. United Capital Management of KS Inc. now owns 1,871 shares of the e-commerce giant’s stock worth $3,242,000 after purchasing an additional 40 shares in the last quarter. 56.42% of the stock is owned by institutional investors.
Shares of AMZN traded down $15.00 during trading hours on Tuesday, reaching $2,134.87. 2,603,085 shares of the stock traded hands, compared to its average volume of 4,143,593. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $1,928.31 and a 200 day simple moving average of $1,817.96. Amazon.com has a 52 week low of $1,586.57 and a 52 week high of $2,185.95. The company has a market cap of $1,062.76 billion, a price-to-earnings ratio of 92.78, a PEG ratio of 2.87 and a beta of 1.58.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
Further Reading: Guidelines for Successful Channel Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.