Equities Analysts Issue Forecasts for Amazon.com, Inc.’s Q3 2017 Earnings (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Investment analysts at DA Davidson issued their Q3 2017 EPS estimates for shares of Amazon.com in a note issued to investors on Wednesday. DA Davidson analyst T. Forte anticipates that the e-commerce giant will earn $0.19 per share for the quarter. DA Davidson has a “Buy” rating and a $1,300.00 price target on the stock. DA Davidson also issued estimates for Amazon.com’s Q4 2017 earnings at $2.35 EPS, FY2017 earnings at $4.42 EPS, FY2018 earnings at $10.82 EPS, FY2019 earnings at $16.73 EPS, FY2020 earnings at $24.71 EPS and FY2021 earnings at $32.91 EPS.

Several other research analysts have also commented on the stock. Loop Capital assumed coverage on shares of Amazon.com in a report on Tuesday. They issued a “buy” rating for the company. Barclays PLC restated an “overweight” rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Tuesday. Royal Bank Of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Monday. MKM Partners restated a “buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a report on Thursday, September 7th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $1,092.58.

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Shares of Amazon.com (AMZN) opened at 982.58 on Monday. The firm has a 50-day moving average of $981.80 and a 200-day moving average of $946.71. The firm has a market capitalization of $472.01 billion, a PE ratio of 249.89 and a beta of 1.47. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). The company had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 earnings per share.

In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the sale, the chief executive officer now owns 81,479 shares in the company, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. Insiders have sold 9,793 shares of company stock worth $9,574,377 in the last 90 days. Insiders own 17.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. grew its stake in shares of Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after acquiring an additional 554,990 shares during the last quarter. State Street Corp grew its stake in shares of Amazon.com by 1.1% during the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after acquiring an additional 186,756 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after acquiring an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after acquiring an additional 46,800 shares during the last quarter. Institutional investors and hedge funds own 60.80% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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