Previous close | 184.72 |
Open | 186.82 |
Bid | 186.15 x 200 |
Ask | 186.26 x 200 |
Day's range | 185.43 - 187.87 |
52-week range | 104.70 - 189.77 |
Volume | |
Avg. volume | 42,035,757 |
Market cap | 1.938T |
Beta (5Y monthly) | 1.16 |
PE ratio (TTM) | 52.01 |
EPS (TTM) | 3.58 |
Earnings date | 01 Aug 2024 - 05 Aug 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 205.83 |
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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