Stock Update (NASDAQ:AMZN): How Amazon.com Inc’s Cloud Business Is Doing In 5 Numbers

[at Motley Fool] – Let’s take a closer look at Amazon’s most profitable business unit. Read more on this. Amazon.com, Inc. (AMZN) , valued at $271.28B, began trading this morning at $578.95. During the trading session, AMZN traded between $570.32 to $581.80 and has traded between $350.01 and $696.44 over the past year. Amazon (AMZN) shares are currently priced at 118.59x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 7.74x earnings multiple for the same period. According to a consensus of 35 analysts, the earnings estimate of $0.66 per share would be $0.66 worse than the year-ago quarter and a $0.18 sequential decrease. Investors should also note that the full-year EPS estimate of $4.95 is a $3.70 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $27.90 Billion. If reported, that would be a 22.80% increase over the year-ago quarter. Recently, Susquehanna Initiated AMZN at Positive (Jan 15, 2016). Previously, Monness Crespi & Hardt downgraded AMZN from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $738.51, which is 27.56% above than it opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update: Amazon.com Inc (NASDAQ:AMZN) – War between Amazon, Microsoft not just in cloud — it’s in the console Market Update: Amazon.com Inc (NASDAQ:AMZN) – Rackspace approved to offer ‘fanatical support’ to Amazon cloud service Stock Update: Amazon.com Inc (NASDAQ:AMZN) – Microsoft, Amazon land $108M cloud contract for FAA