Quite a few research analysts have predicted that the stocks of AMZN would be posting a sales sum of $105.05 billion for this quarter. According to a report published by Zacks Investment Research, sixteen analysts have already given out estimates into the earnings of this company. The range begins at $102.06 billion, with the highest coming in at $107.47 billion. The company had previously reported a sales sum of $75.45 billion the previous quarter, which indicates an annual growth rate of about 39.2%. AMZN will be reporting its next quarterly report on the 29th of April.
The Quarterly Estimates of AMZN
This seems incidental, for the company had reported their previous quarterly report on the 1st of February. The conglomerate had reported an EPS of $14.09, which was more than the consensus estimate of $7.05. The company also had a 4.99% net margin, with a 24.49% return on their equity. The revenue earned by the company over the quarter was $125.56 billion, which was more than the analyst estimate of about $119.73 billion.
There have been quite a few research equities that have commented on the shares of AMZN. Guggenheim has already put up a target price on the company which has been increased from $3,600 to a sum of $4,000, along with a rating of buy set up on a 3rd February research report.
Credit Suisse Group has also provided the company with a rating of buy which was reported in a 4th January research report. JPMorgan Chase & Co has given the company a rating of overweight, with a $4,400 target set on it. Truist Financial gave the company a rating of buy, with a price target of $3,650 set on it.
Two of the investment analysts covering the firm have put up a rating of hold for AMZN, while forty-six other analysts gave the company a rating of buy. The company currently has a Buy rating, with a $3,924.51 price target.
