tl;dr
Amazon (NASDAQ:AMZN) reported better-than-expected earnings last week, fueled by strength in the firm's AWS segment. Shares rose 2% on Thursday in the wake of the earnings report and followed up with an additional 3% advance on Friday. Specifically, the ecommerce giant reported Q1 earnings per share...
Amazon (NASDAQ:AMZN) reported better-than-expected earnings last week, fueled by strength in the firm's AWS segment. Shares rose 2% on Thursday in the wake of the earnings report and followed up with an additional 3% advance on Friday. Specifically, the ecommerce giant reported Q1 earnings per share of $0.98, topping estimates of $0.83. Meanwhile, the firm announced revenue of $143.3B, a rise of 12.5% from last year, beating expectations by $750M. Will the post-earnings upswing continue? Seeking Alpha analysts have stepped in to share their thoughts on what’s next for Amazon (AMZN): Jonathan Weber in Amazon: Easy Double Beat In Q1: “Profitability has been improving due to easing inflation worries and cost-cutting measures… However, Amazon's valuation is high compared to its peers, making it a less attractive investment option.” Ahan Vashi in Amazon Q1 Review: Best Of Big Tech Bunch: “Amazon.com, Inc.'s Q1 earnings report shows strong performance, with revenue and EPS beating estimates. Amazon's fair value estimate has increased to $179 per share, and the stock is still a long-term Buy as per our valuation model.” Danil Sereda in Amazon Stock Barely Moves After Solid Q1 Earnings, But It's A 'Buy': “The bar for Q1 earnings was set high, but Amazon beat the consensus. The Gloomier-than-expected outlook spoiled the rally, but I think AMZN is a ‘buy’.” For investors looking for further diversification but still want exposure to Amazon, here are the five ETFs with the largest holdings in the stock, per ETF.com: Consumer Discretionary Select Sector SPDR Fund (XLY) at 25.86%. ProShares Online Retail ETF (ONLN) at 24.72%. Fidelity MSCI Consumer Discretionary Index ETF (FDIS) at 24.31%. ProShares Long Online/Short Stores ETF (CLIX) at 22.36%. Vanguard Consumer Discretionary ETF (VCR) at 21.69%.
More about Amazon.com Inc
Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Sector: Trade & Services
Industry: Retail-Catalog & Mail-Order Houses
Market Cap: $1.937 trillion
Current Price: $3,201.20
Dividend Yield: 0.00%
P/E Ratio: 3.58
52-Week Range: $2,431.38 - $3,773.08
EPS: 57.13
Beta (5Y Monthly): 0.0638
Volume: 590,739,997
Avg. Volume: 3,200,000
Market Cap (Intraday): $1.937T
Forward Dividend & Yield: $N/A (N/A)
Ex-Dividend Date: N/A
1y Target Est: $3,206.05
PE Ratio (TTM): 2,167.00
Earnings Date: N/A
Forward PE: 0.125
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