Amazon.com (AMZN) to Release Earnings on Thursday

Amazon.com (NASDAQ:AMZN - Get Free Report) will be releasing its earnings data after the market closes on Thursday, October 31st. Analysts expect Amazon.com to post earnings of $1.14 per share for the quarter. Amazon.com has set its Q3 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analysts' expectations of $148.63 billion. On average, analysts expect Amazon.com to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $1.67 on Thursday, reaching $186.38. 21,622,998 shares of the stock were exchanged, compared to its average volume of 41,050,395. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.94 trillion, a PE ratio of 52.19, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com has a 1-year low of $118.35 and a 1-year high of $201.20. The business has a fifty day moving average price of $183.11 and a two-hundred day moving average price of $183.54.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Benchmark reissued a "buy" rating and issued a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Sanford C. Bernstein boosted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock an "outperform" rating in a research report on Monday, July 22nd. Barclays upped their price target on shares of Amazon.com from $220.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Finally, Scotiabank initiated coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a "sector outperform" rating and a $245.00 target price on the stock. Two research 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $236.78.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company's stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com 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 owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,355 shares of company stock valued at $9,877,423. Company insiders own 10.80% 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.