Amazon (AMZN - Free Report) just released its first quarter financial results, posting adjusted earnings of $3.27 per share and revenues of $51.04 billion.
Amazon is currently a Zacks Rank #1 (Strong Buy), which is subject to change based on today’s results. Shares of Amazon are up 60% over the last year. The company also saw its stock price pop 3.96% on Thursday to hit $1,517.96 per share prior to the release of its first quarter earnings results.
Amazon stock is currently up 6.52% to $1,617 per share in after-hours trading shortly after its earnings report was released.
AMZN:
Beat earnings estimates. The company posted adjusted earnings of $3.27 per share, crushing the Zacks Consensus Estimate of $1.22 per share.
Beat revenue estimates. The company saw revenue figures of $51.04 billion, topping our consensus estimate of $50.17 billion.
Amazon’s Q1 revenues jumped roughly 43% from $35.71 billion in the year-ago period. Meanwhile, the e-commerce giant’s quarterly earnings skyrocketed from $1.48 per share.
Looking ahead to the second quarter, Amazon expects to report revenues between $51 billion and $54 billion. Investors should note that the top of this guidance is above our current Q2 estimate of $52.43 billion.
Here’s a graph that looks at AMZN’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on AMZN’s earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Amazon (AMZN - Free Report) just released its first quarter financial results, posting adjusted earnings of $3.27 per share and revenues of $51.04 billion.
Amazon is currently a Zacks Rank #1 (Strong Buy), which is subject to change based on today’s results. Shares of Amazon are up 60% over the last year. The company also saw its stock price pop 3.96% on Thursday to hit $1,517.96 per share prior to the release of its first quarter earnings results.
Amazon stock is currently up 6.52% to $1,617 per share in after-hours trading shortly after its earnings report was released.
AMZN:
Beat earnings estimates. The company posted adjusted earnings of $3.27 per share, crushing the Zacks Consensus Estimate of $1.22 per share.
Beat revenue estimates. The company saw revenue figures of $51.04 billion, topping our consensus estimate of $50.17 billion.
Amazon’s Q1 revenues jumped roughly 43% from $35.71 billion in the year-ago period. Meanwhile, the e-commerce giant’s quarterly earnings skyrocketed from $1.48 per share.
Looking ahead to the second quarter, Amazon expects to report revenues between $51 billion and $54 billion. Investors should note that the top of this guidance is above our current Q2 estimate of $52.43 billion.
Here’s a graph that looks at AMZN’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on AMZN’s earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on AMZN - FREE