[at Forbes] – Video Jeff Bezos’ announcement on 60 Minutes that Amazon would be pursuing drone delivery has prompted a bunch of skeptical replies. While I think the skeptics are generally bringing up challenges that must be overcome, I think there is a general lack of imagination out there in seeing how these problems
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Amazon.com Inc. (AMZN), currently valued at $177.01B, began trading this morning at $390.11.
Looking at today’s trading action, the company’s one day range from $385.50 to $390.95 with its 52-week range being $242.75 to $399.00.
AMZN shares are currently priced at 496.67x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 27.23x earnings multiple for the same period.
In a review of the consensus earnings estimate this quarter, 37 sell-side analysts are looking at $0.66 per share, which would be $0.45 better than the year-ago quarter and a $0.11 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $0.73, which would be a $0.82 better when compared to the last year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $26.03 Billion. If realized, that would be a 22.38% increase over the year-ago quarter.
Recently, Standpoint Research Initiated AMZN at Sell (Oct 28, 2013). Previously, UBS upgraded AMZN from Neutral to Buy.
The average price target for AMZN shares by the analysts covering it is $402.82, which is 3.26% above where the stock opened.
Amazon.com, Inc. (NASDAQ:AMZN), operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. It operates retail Websites, such as amazon.com and amazon.ca, which include merchandise and content purchased for resale from vendors and those offered by third-party sellers.
Tag Helper ~ Stock Code: AMZN | Common Company name: Amazon | Full Company name: Amazon.com Inc. (NASDAQ:AMZN) .