Amazon.com, Inc. (AMZN) is scheduled to release its fiscal 2016 first-quarter earnings results after today’s close. Wall Street analysts are on average expecting the e-commerce giant to post $27.97 billion in sales during the quarter. This would show a 21.76% decrease from the Q415 revenue of $35.75 billion, and an increase of 23.10% from the same period in Q115. EPS in Q116 are expected to come in at $0.58 vs a loss of 0.12 per share a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.62 per share.
As a quick reminder, Amazon reported Q415 EPS of $1.00, $0.56 lower than the Street’s consensus estimate. Revenue increased 21.89% YoY to $35.75 billion versus the $35.93 billion consensus.
More than 1.5 million AMZN shares have already traded less than 90 minutes into the trading session. In the past 52 weeks, shares of the Seattle, Wa.-based company have traded between a low of $414.55 and a high of $696.44 with the 50-day MA and 200-day MA located at $593.75 and $604.71 levels, respectively. Additionally, AMZN stock trades at a P/E ratio of 2.91 and has a Relative Strength Index (RSI) and MACD indicator of 57.16 and -1.49, respectively. The shares have a consensus of 33 ‘Buy’ ratings and 6 ‘Holds’. No analyst rates it a ‘Sell’. AMZN has a median Street price target of $750.00 with a high target of $900.00.
AMZN stock currently prints a one year return of about 41% and a year-to-date loss of around 10%.