Amazon.com (AMZN - Free Report) recently purchased a 93-acre property in Westborough to continue the expansion of its presence in Massachusetts. According to media reports, the $65-million property will be transformed into a 221,000-square-foot distribution center site for the e-commerce giant.
Per the Worcester Registry of Deeds records, Amazon, one of the largest e-commerce providers globally, acquired the facility from Carruth Capital LLC, a privately-owned commercial real estate firm in Westborough.
The current building at the site will be demolished and the last mile Amazon fulfillment center will be built in its place. This plan has been proposed by real-estate operator, Atlantic Management Corporation, and sanctioned by the Westborough Planning Board.
In October, Amazon expanded its robotics operation unit by unveiling a 350,000-square feet facility in Westborough for manufacturing drive unit robots. The new property featuring offices, research and development labs, and manufacturing space accommodates about 200 workers.
Amazon has been gaining on solid Prime momentum owing to ultrafast delivery services and a strong content portfolio. The growing momentum across Amazon Music and the strong adoption rate of Amazon Web Services (“AWS”) are positives. Robust Alexa skills and expanding smart home products portfolio are contributing well. However, the AWS business is bringing an element of cyclicality into the business. AWS continues to account for a small percentage of the company’s overall business while having a significant impact on its profitability due to the low-margin profile of the retail business.
During the third quarter of 2021, Amazon reported net sales of $110.81 billion, indicating year-over-year surge of 15%. The Zacks Consensus Estimate for its fourth-quarter 2021 sales is pegged at $137.63 billion, suggesting growth of 9.6%.
Zacks Rank & Stocks to Consider
Amazon currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the broader retail-wholesale sector include Build-A-Bear Workshop (BBW - Free Report) , The Buckle (BKE - Free Report) and AutoZone (AZO - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Build-A-Bear’s fourth-quarter fiscal 2021 earnings has been revised downward by 12 cents to 64 cents per share over the past 30 days. For fiscal 2021, earnings estimates have moved upward by 26.7% to $2.04 per share in the last 30 days.
Build-A-Bear’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 261.4%. BBW stock has soared 333.7% YTD.
The Zacks Consensus Estimate for The Buckle’s fourth-quarter fiscal 2022 earnings has been revised upward by2.4% to $1.29 per share over the past 60 days. For fiscal 2022, earnings estimates have moved north by 52 cents to $4.76 per share in the past 60 days.
The Buckle’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 42.8%. Shares of BKE have rallied 46.2% in the YTD period.
The consensus mark for AutoZone’s second-quarter fiscal 2022 earnings has been revised upward to $17.94 per share from $16.12 over the past 30 days. For fiscal 2022, earnings estimates have been revised upward by 8.9 cents to $106.60 per share in the last 30 days.
AutoZone’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 23.2%. Shares of AZO have surged 75.8% YTD.
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Amazon.com (AMZN - Free Report) recently purchased a 93-acre property in Westborough to continue the expansion of its presence in Massachusetts. According to media reports, the $65-million property will be transformed into a 221,000-square-foot distribution center site for the e-commerce giant.
Per the Worcester Registry of Deeds records, Amazon, one of the largest e-commerce providers globally, acquired the facility from Carruth Capital LLC, a privately-owned commercial real estate firm in Westborough.
The current building at the site will be demolished and the last mile Amazon fulfillment center will be built in its place. This plan has been proposed by real-estate operator, Atlantic Management Corporation, and sanctioned by the Westborough Planning Board.
In October, Amazon expanded its robotics operation unit by unveiling a 350,000-square feet facility in Westborough for manufacturing drive unit robots. The new property featuring offices, research and development labs, and manufacturing space accommodates about 200 workers.
Amazon has been gaining on solid Prime momentum owing to ultrafast delivery services and a strong content portfolio. The growing momentum across Amazon Music and the strong adoption rate of Amazon Web Services (“AWS”) are positives. Robust Alexa skills and expanding smart home products portfolio are contributing well. However, the AWS business is bringing an element of cyclicality into the business. AWS continues to account for a small percentage of the company’s overall business while having a significant impact on its profitability due to the low-margin profile of the retail business.
During the third quarter of 2021, Amazon reported net sales of $110.81 billion, indicating year-over-year surge of 15%. The Zacks Consensus Estimate for its fourth-quarter 2021 sales is pegged at $137.63 billion, suggesting growth of 9.6%.
Zacks Rank & Stocks to Consider
Amazon currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the broader retail-wholesale sector include Build-A-Bear Workshop (BBW - Free Report) , The Buckle (BKE - Free Report) and AutoZone (AZO - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Build-A-Bear’s fourth-quarter fiscal 2021 earnings has been revised downward by 12 cents to 64 cents per share over the past 30 days. For fiscal 2021, earnings estimates have moved upward by 26.7% to $2.04 per share in the last 30 days.
Build-A-Bear’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 261.4%. BBW stock has soared 333.7% YTD.
The Zacks Consensus Estimate for The Buckle’s fourth-quarter fiscal 2022 earnings has been revised upward by2.4% to $1.29 per share over the past 60 days. For fiscal 2022, earnings estimates have moved north by 52 cents to $4.76 per share in the past 60 days.
The Buckle’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 42.8%. Shares of BKE have rallied 46.2% in the YTD period.
The consensus mark for AutoZone’s second-quarter fiscal 2022 earnings has been revised upward to $17.94 per share from $16.12 over the past 30 days. For fiscal 2022, earnings estimates have been revised upward by 8.9 cents to $106.60 per share in the last 30 days.
AutoZone’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 23.2%. Shares of AZO have surged 75.8% YTD.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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