Company Update: Amazon.com Inc. (NASDAQ:AMZN) – Amazon Plans 2014 Series in 4K Ultra HD

Amazon.com Inc. (NASDAQ:AMZN) [Zacks] – Amazon.com Inc. announced that its film and TV production division, Amazon Studios, plans to shoot all of its 2014 original series, both comedies and dramas, using 4K Ultra high definition (HD).
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Amazon.com Inc. (AMZN), with a current market cap of $178.56B, opened this morning at $388.88.
 
A quick look at the market, the company’s traded between $388.50 to $392.73 with its 52-week range being $242.75 to $399.00.
 
AMZN shares are currently priced at 531.03x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 38.85x forward p/e ratio.
 

 
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 $0.10 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $0.73 is a $0.82 improvement when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $26.03 Billion. If reported, that would be a 22.38% increase over the year-ago quarter.
 
More 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 the stock is $404.39, which is 3.99% above where the stock opened this morning.
 
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) .

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