AMZN Stock: Q116 Whisper Number

AMZN STOCK, 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, 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.

Trading Measures

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%.

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