[at CNBC] – The “Squawk Alley” crew, and Kara Swisher, Re/code co-executive editor, discuss the move by a group of 900 writers who signed an open letter condemning Amazon over its dispute with publisher …
Read more on this.
Amazon.com Inc. (AMZN), valued at $145.16B, opened this morning at $311.72.
Today, shares have traded between $310.66 and $314.94 per share with the price of the stock fluctuating between $279.33 to $408.06 over the last 52 weeks.
AMZN shares are currently priced at -2,395.77x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.19x earnings multiple.
In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $-0.74 per share, which would be $0.00 better than the year-ago quarter and a $0.00 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $-0.13 would be a $0.72 setback when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.53 Billion. If reported, that would be a 20.13% increase over the year-ago quarter.
In terms of ratings, B. Riley & Co. downgraded AMZN from Buy to Neutral (Jul 25, 2014). Previously, CRT Capital downgraded AMZN from Buy to Fair Value.
The average price target for AMZN shares by the analysts covering it is $389.42, which is 24.93% above where the stock opened.
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) .