Zacks Research Forecasts Increased Earnings for Amazon.com

Amazon.com, Inc. (NASDAQ:AMZN) – Analysts at Zacks Research upped their FY2024 EPS estimates for shares of Amazon.com in a research note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the e-commerce giant will post earnings per share of $5.13 for the year, up from their prior forecast of $4.76. The consensus estimate for Amazon.com’s current full-year earnings is $5.27 per share. Zacks Research also issued estimates for Amazon.com’s Q4 2024 earnings at $1.34 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.34 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.84 EPS, FY2025 earnings at $5.91 EPS, Q1 2026 earnings at $1.57 EPS, Q2 2026 earnings at $1.75 EPS, Q3 2026 earnings at $1.80 EPS and FY2026 earnings at $7.29 EPS.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share.

A number of other equities analysts have also recently issued reports on AMZN. Scotiabank upped their price target on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. UBS Group upped their target price on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Benchmark upped their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Pivotal Research initiated coverage on Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 target price for the company. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.77.

Amazon.com Trading Down 0.6 %

Amazon.com stock opened at $197.12 on Monday. Amazon.com has a 12 month low of $142.81 and a 12 month high of $215.90. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The business’s fifty day simple moving average is $193.00 and its two-hundred day simple moving average is $186.29. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Insider Buying and Selling

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,766 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the transaction, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares during the last quarter. Quent Capital LLC raised its position in Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the period. Empowered Funds LLC lifted its stake in shares of Amazon.com by 13.5% in the 1st quarter. Empowered Funds LLC now owns 185,064 shares of the e-commerce giant’s stock valued at $33,382,000 after purchasing an additional 22,071 shares during the last quarter. PFG Advisors boosted its holdings in shares of Amazon.com by 4.5% in the 1st quarter. PFG Advisors now owns 62,181 shares of the e-commerce giant’s stock worth $11,216,000 after purchasing an additional 2,681 shares during the period. Finally, Aull & Monroe Investment Management Corp increased its position in shares of Amazon.com by 6.6% during the 1st quarter. Aull & Monroe Investment Management Corp now owns 1,578 shares of the e-commerce giant’s stock valued at $285,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.