Amazon.com (NASDAQ:AMZN) Announces Earnings Results, Beats Expectations By $0.29 EPS

Amazon.com, Inc. (NASDAQ:AMZN) posted its quarterly earnings data on Thursday. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29, Briefing.com reports. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. Amazon.com updated its Q4 2024 guidance to EPS.

Amazon.com Stock Performance

NASDAQ AMZN traded up $11.53 during trading hours on Friday, hitting $197.93. 99,572,476 shares of the stock were exchanged, compared to its average volume of 41,329,359. The company has a market cap of $2.08 trillion, a price-to-earnings ratio of 47.35, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $136.47 and a 12-month high of $201.20. The stock has a 50-day moving average of $184.40 and a 200 day moving average of $183.65. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were 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 of the company's stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The stock was 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 approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock valued at $9,215,048 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Loop Capital raised their price target on shares of Amazon.com from $750.00 to $800.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Wells Fargo & Company cut shares of Amazon.com from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research report on Friday. Robert W. Baird raised their price target on shares of Amazon.com from $213.00 to $220.00 and gave the company an "outperform" rating in a research report on Friday. Finally, JMP Securities raised their price target on shares of Amazon.com from $265.00 to $285.00 and gave the company a "market outperform" rating in a research report on Friday. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $244.11.

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.