Amazon.com Inc. (AMZN) is scheduled to report earnings results for the second quarter of fiscal 2015 today after the close. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected loss of ($0.13) per share, down from ($0.24) in the same quarter last year. Revenue is projected to post a 20.94% yoy increase to $22.39 billion from $13.62 billion a year earlier. Meanwhile, ticker’s earnings whisper number calls for EPS of ($0.09) on revenue of $22.37 billion.
As a quick reminder, the e-commerce giant reported 1Q/15 EPS loss of ($0.12), $0.01 better than the Street’s consensus estimate of ($0.13). Revs increased 15% yoy to $22.72 billion versus the $22.39 billion consensus.
Seattle, Washington-based Amazon, currently valued at $169.88 billion, has a high Wall Street price target of $600, which reflects a return potential of 23% over the last closing price of the stock.
Amazon shares have advanced 12.20% in the last 4 weeks and 24.75% in the past three months. Over the past 5 trading sessions the stock has gained 4.82%. Shares of Amazon.com Inc. are up 35.65% year-over-year and 57.24% year-to-date.
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