Company Update: Amazon.com Inc (NASDAQ:AMZN) – Why You Should Watch FB, GOOGL, AMZN Ahead Of Earnings

[at Investor’s Business Daily] – Three top tech stocks are trading very near buy points as handles have formed on their bases: Facebook (FB), Google owner Alphabet (GOOGL) and Amazon (AMZN). And with each company reporting earnings in … Read more on this. Amazon.com, Inc. (AMZN) , valued at $278.50B, opened at $598.76. During today’s session, AMZN traded between $589.08 to $599.60 and has traded between $374.40 and $696.44 over the past 12 months. AMZN shares are currently priced at 123.84x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.82x forward p/e ratio. According to a consensus of 36 analysts, the earnings estimate of $0.58 per share would be $0.58 worse than the year-ago quarter and a $0.29 sequential decrease. The full-year EPS estimate is $4.79, which would be a $3.54 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $27.96 Billion. If realized, that would be a 23.06% increase over the year-ago quarter. In terms of ratings, Raymond James downgraded AMZN from Strong Buy to Outperform (Mar 22, 2016). Previously, Canaccord Genuity upgraded AMZN from Hold to Buy. The average price target for AMZN shares is $732.85, which is 22.39% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Market Update (NASDAQ:AMZN): Red Hat Earnings Report Ahead: Amazon A Threat In Linux Landscape? Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN) Market Update: Amazon.com Inc (NASDAQ:AMZN) – Tech Earnings: Amazon.com Inc and Alphabet Inc Go Bonkers