[Business Wire] – —Amazon Studios today announced it will debut the half-hour dramatic comedy pilot Really from Jay Chandrasekhar , Main Street Films’ Craig Chang and Harrison Kordestani, and Executive Producer Jamie Tarses as part of its third pilot season debuting later this year on Amazon Instant Video.
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Amazon.com Inc. (AMZN), valued at $149.88B, finished yesterday at $327.00.
During today’s session, AMZN traded between $324.55 to $328.22 with the price of the stock fluctuating between $265.00 to $408.06 over the last 52 weeks.
Amazon (AMZN) shares are currently priced at 305.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 35.06x earnings multiple for the same period.
In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $-0.14 per share, which would be $0.00 better than the year-ago quarter and a $0.23 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $1.07 would be a $0.48 better when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $19.31 Billion. If realized, that would be a 22.99% increase over the year-ago quarter.
More recently, Argus upgraded AMZN from Hold to Buy (Apr 16, 2014). Previously, UBS downgraded AMZN from Buy to Neutral.
The average price target for AMZN shares is $417.54, which is 27.69% above where the stock opened this morning.
Summary (NASDAQ:AMZN) : Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. The company serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily include merchandise and content purchased for resale from vendors and those offered by third-party sellers. It also offers programs that enable sellers to sell their products on companys Websites, and their own branded Websites; and programs, which allow authors, musicians, filmmakers, app developers, and others to publish and sell content. In addition, the company serves developers and enterprises through Amazon Web Services, which provides access to technology infrastructure that enables virtually various businesses. Further, it offers Kindle Direct Publishing, an online platform that allows independent authors and publishers to make their books available in the Kindle Store; and manufactures and sells electronic devices, as well as provides co-branded credit card agreements and advertising services. Additionally, the company offers Amazon Prime, an annual membership program, which provides free shipping of items; access to streaming of movies and TV episodes; and access to books to borrow and read on a Kindle device. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.
Tag Helper ~ Stock Code: AMZN | Common Company name: Amazon | Full Company name: Amazon.com Inc (NASDAQ:AMZN) .