Zacks Research Predicts Stronger Earnings for Amazon.com

Amazon.com, Inc. (NASDAQ:AMZN) – Zacks Research raised their FY2024 earnings estimates for shares of Amazon.com in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the e-commerce giant will earn $5.13 per share for the year, up from their prior estimate of $4.76. The consensus estimate for Amazon.com’s current full-year earnings is $5.29 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.

Other equities analysts have also recently issued reports about the company. Barclays raised their price objective on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research report on Friday, August 2nd. Loop Capital raised their target price on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price (up from $230.00) on shares of Amazon.com in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $207.86 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $193.75 and its two-hundred day simple moving average is $186.52. Amazon.com has a 1-year low of $142.81 and a 1-year high of $215.90. The stock has a market cap of $2.19 trillion, a PE ratio of 44.51, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14.

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

Hedge Funds Weigh In On Amazon.com

Large investors have recently bought and sold shares of the stock. Asset Advisors Investment Management LLC increased its stake in shares of Amazon.com by 1.3% during the third quarter. Asset Advisors Investment Management LLC now owns 116,869 shares of the e-commerce giant’s stock valued at $21,776,000 after buying an additional 1,499 shares during the period. Tri Ri Asset Management Corp purchased a new position in shares of Amazon.com during the third quarter valued at approximately $9,821,000. Optimist Retirement Group LLC purchased a new position in shares of Amazon.com during the third quarter valued at approximately $8,942,000. Blankinship & Foster LLC increased its stake in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of Amazon.com by 61.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 298,678 shares of the e-commerce giant’s stock valued at $55,653,000 after buying an additional 114,043 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value 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. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock valued at $1,252,148,795 in the last ninety days. Company insiders own 10.80% 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.