Amazon.com’s Q1 Earnings Projections Shared

2 min read | November 05, 2024 10:03 PM AEDT | By Team Kalkine Media

Google News:

Amazon.com’s Q1 Earnings Projections Shared — Image source: Shutterstock

Recent News

Why Is CSL (ASX:CSL) Back on Healthcare Watchlists After Its Slide?

Why Is Cochlear (ASX:COH) Shaking the ASX 200 Healthcare Sector?

Top ASX Tech Stocks Draw Focus as Governance Risks Rise

Top Australian Value Stocks Watch as Cash Flow Leads Market

Make Kalkine Media
My Trusted Source

Highlights:

Seaport Res Ptn estimates Amazon's Q1 2025 earnings at $1.43 per share, with forecasts for subsequent quarters showing continued growth.

Analyst sentiment is mixed, with multiple price adjustments and ratings updates from firms such as Wells Fargo, Monness Crespi & Hardt, and Rosenblatt Securities.

Institutional investors, including Vanguard Group and Capital Research, have continued to adjust their holdings, with institutional ownership at over 72%.

Amazon.com, Inc. (NASDAQ:AMZN) has been at the center of various analyst forecasts and institutional portfolio shifts. Seaport Res Ptn recently issued its Q1 2025 earnings per share (EPS) estimate for Amazon, projecting a figure of $1.43. Additionally, the firm provided estimates for the full-year performance, with earnings for Q2, Q3, and Q4 of 2025 forecasted at $1.38, $1.55, and $1.68 per share, respectively. The overall consensus for Amazon’s 2024 earnings remains at $4.84 per share.

Analyst opinions on Amazon’s stock are varied. Wells Fargo downgraded the company from an “overweight” rating to an “equal weight” rating, lowering its price objective from $225 to $183. Meanwhile, other analysts such as Monness Crespi & Hardt and Rosenblatt Securities raised their price targets, with the latter now setting a price objective of $236. Additionally, JMP Securities has raised its price objective to $285, suggesting a positive outlook on Amazon’s growth trajectory.

Institutional investors continue to show strong interest in Amazon, with Vanguard Group increasing its position by 1.9% in the first quarter of 2024, now owning approximately 785 million shares. Other institutional investors like Capital Research Global Investors, Legal & General Group Plc, and Jennison Associates LLC have similarly raised their stakes. Institutional ownership of Amazon is now at 72.20%, reflecting confidence in the company’s ongoing performance.

In terms of Amazon’s recent financial results, the company posted impressive figures for its latest quarter, reporting earnings per share of $1.43, which exceeded the consensus estimate of $1.14. Revenue for the quarter was $158.88 billion, surpassing expectations of $157.28 billion. With its diverse operations in retail, advertising, and cloud computing, Amazon remains a key player in the global economy.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.