FY2024 EPS Estimates for Amazon.com Raised by Zacks Research

Amazon.com, Inc. (NASDAQ:AMZN) – Equities research analysts at Zacks Research boosted their FY2024 EPS estimates for 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 post earnings of $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.

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

Several other equities analysts have also recently weighed in on the company. TD Cowen lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group boosted their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Needham & Company LLC raised their target price on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Stifel Nicolaus upped their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $235.77.

Amazon.com Stock Up 2.2 %

NASDAQ AMZN opened at $201.45 on Monday. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14. Amazon.com has a 1-year low of $142.81 and a 1-year high of $215.90. 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 company has a 50 day moving average of $193.33 and a 200-day moving average of $186.38.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares in the last quarter. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com during the third quarter valued at about $45,000. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com during the third quarter worth about $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock worth $1,252,148,795 in the last 90 days. Corporate 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.