Research Analysts Issue Forecasts for Amazon.com Q4 Earnings

Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at Roth Capital lifted their Q4 2024 EPS estimates for Amazon.com in a research note issued to investors on Friday, November 1st. Roth Capital analyst R. Kulkarni now anticipates that the e-commerce giant will post earnings of $1.47 per share for the quarter, up from their prior forecast of $1.26. The consensus estimate for Amazon.com’s current full-year earnings is $4.98 per share. Roth Capital also issued estimates for Amazon.com’s Q1 2025 earnings at $1.43 EPS, Q2 2025 earnings at $1.37 EPS and Q4 2025 earnings at $1.72 EPS.

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

Several other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Monness Crespi & Hardt boosted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research note on Friday, November 1st. Finally, Stifel Nicolaus raised their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $246.48.

Amazon.com Stock Up 1.9 %

Shares of AMZN opened at $199.50 on Monday. Amazon.com has a one year low of $138.36 and a one year high of $201.20. The company has a market capitalization of $2.09 trillion, a P/E ratio of 42.72, a PEG ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business’s 50 day simple moving average is $185.75 and its 200-day simple moving average is $184.07.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated 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 directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock worth $10,215,097 in the last ninety days. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Mengis Capital Management Inc. grew its holdings in shares of Amazon.com by 1.4% during the third quarter. Mengis Capital Management Inc. now owns 39,000 shares of the e-commerce giant’s stock worth $7,267,000 after purchasing an additional 540 shares during the last quarter. Gibson Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 5.2% during the third quarter. Gibson Wealth Advisors LLC now owns 2,025 shares of the e-commerce giant’s stock worth $377,000 after purchasing an additional 100 shares during the period. Hamel Associates Inc. lifted its holdings in shares of Amazon.com by 2.2% during the third quarter. Hamel Associates Inc. now owns 4,095 shares of the e-commerce giant’s stock worth $763,000 after purchasing an additional 90 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in Amazon.com by 3.5% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 18,319 shares of the e-commerce giant’s stock valued at $3,586,000 after purchasing an additional 615 shares during the period. Finally, Simmons Bank increased its holdings in Amazon.com by 2.2% in the third quarter. Simmons Bank now owns 126,177 shares of the e-commerce giant’s stock valued at $23,511,000 after purchasing an additional 2,674 shares during the period. Institutional investors own 72.20% 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.