[at Forbes] – Amazon,com is slowing building a competitive media ecosystem — content consumption on tablets, TV, and new phones.
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Amazon.com Inc. (AMZN), with a current market cap of $149.68B, opened at $328.49.
A quick look at the market, the company’s traded between $322.13 to $328.62 with a one year range of $274.54 to $408.06.
Priced at 302.95x this year’s forecasted earnings, AMZN shares are relatively expensive compared to the industry’s 34.53x forward p/e ratio.
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. Furthermore, our analysis shows the full-year EPS estimate to be $1.07, which would be a $0.48 better when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $19.31 Billion. If reported, 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 27.11% 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) .