Previous close | 47.30 |
Open | 47.39 |
Bid | 47.10 x 0 |
Ask | 47.39 x 0 |
Day's range | 46.98 - 47.69 |
52-week range | 25.97 - 48.78 |
Volume | |
Avg. volume | 195,907 |
Market cap | 9.909T |
Beta (5Y monthly) | 1.16 |
PE ratio (TTM) | 51.81 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Amazon reported strong first-quarter results, with revenue and operating income ahead of expectations. The company delivered operating income of $15.3 billion, above consensus of $11.3 billion, while reporting better-than-expected growth in both Amazon Web Services (+17.2% year over year versus Street +15%) and advertising (+24.3% Y/Y versus Street +23.5%). Amazon has now reported operating income above the high end of its guidance range for five consecutive quarters, and the company has a number of drivers for further margin expansion in place, including continued cost efficiencies within its fulfillment network as well as the ongoing mix shift toward higher-margin AWS and advertising revenue.
The average brokerage recommendation (ABR) for Amazon (AMZN) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
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