Market Update (NASDAQ:AMZN): First Amazon Dash Replenishment Devices Now Available

[Business Wire] – —Amazon today announced the first devices available with Amazon Dash Replenishment, including select Brother printers, a GE washer, and the Gmate SMART blood glucose monitor. Read more on this. Amazon.com, Inc. (AMZN) , valued at $271.92B, finished yesterday at $570.18. Looking at today’s market, AMZN one day range is $576.38 to $580.98 with its 52-week range being $286.39 to $696.44. AMZN shares are currently priced at 306.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 6.39x earnings multiple. According to a consensus of 38 analysts, the earnings estimate of $1.62 per share would be $1.17 better than the year-ago quarter and a $0.04 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $1.86 would be a $2.38 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $35.99 Billion. If realized, that would be a 22.71% increase over the year-ago quarter. More recently, Susquehanna Initiated AMZN at Positive (Jan 15, 2016). Previously, Monness Crespi & Hardt downgraded AMZN from Buy to Neutral. The average price target for AMZN shares is $746.76, which is 30.97% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Market Update: Amazon.com Inc (NASDAQ:AMZN) – Tech Earnings: Amazon.com Inc and Alphabet Inc Go Bonkers Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon, Alphabet, Priceline Are Bolting Past Market Company Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon just soared past Apple in the streaming TV market