S&P 500 (NYSE:SPY) component Amazon.com, Inc. (NASDAQ:AMZN) will unveil its latest earnings on Thursday, April 26, 2012. Amazon.com sells millions of products across dozens of product categories on its web site. It also manufactures and sells the Kindle, an e-reader.
Amazon.com, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 7 cents per share, a decline of 84.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 39 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 7 cents during the last month. For the year, analysts are projecting net income of $1.37 per share, a rise of 2.2% from last year.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of 38 cents per share against a mean estimate of net income of 16 cents per share. In the third quarter of the last fiscal year, it missed forecasts by 9 cents.
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Wall St. Revenue Expectations: Analysts are projecting a rise of 30.4% in revenue from the year-earlier quarter to $12.86 billion.
Analyst Ratings: Analysts are bullish on this stock, with 21 analysts rating it as a buy, none rating it as a sell and 12 rating it as a hold.
A Look Back: In the fourth quarter of the last fiscal year, profit fell 57.5% to $177 million (38 cents a share) from $416 million (91 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 34.6% to $17.43 billion from $12.95 billion.
On the top line, the compay is looking to add onto a trend of double-digit year-over-year percentage revenue increases for the past four quarters. Over that span, the company is averaging revenue growth of 41.9% each quarter.
Stock Price Performance: Between February 23, 2012 and April 20, 2012, the stock price had risen $11.09 (6.2%), from $178.89 to $189.98. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 8, 2011, when shares rose for 10 straight days, increasing 13.4% (+$25.73) over that span. It saw one of its worst periods between December 22, 2011 and December 30, 2011 when shares fell for six straight days, dropping 3.3% (-$5.93) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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