Market Update (NASDAQ:AMZN): Amazon.com to Webcast First Quarter 2016 Financial Results Conference Call

[Business Wire] – Amazon.com, Inc. announced today that it will hold a conference call to discuss its first quarter 2016 financial results on April 28, 2016, at 2:00 p.m. PT/5:00 p.m. ET. Read more on this. Amazon.com, Inc. (AMZN) , valued at $292.74B, started the session at $616.50. Today, shares have traded between $615.07 and $624.38 per share with a trailing 52-week range being $374.40 to $696.44. AMZN shares are currently priced at 126.45x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.58x earnings multiple. 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 $0.30 sequential decrease. The full-year EPS estimate is $4.77, which would be a $3.52 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $27.97 Billion. If reported, that would be a 23.11% increase over the year-ago quarter. More recently, 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 $732.78, which is 18.86% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Echo Finally Gives Fitbit A Voice Market Update (NASDAQ:AMZN): Amazon Web Services Announces Amazon Lumberyard — A Free, Cross-Platform, 3D Game Engine Integrated with AWS and Twitch Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon ranks No. 1 among ‘Cloud City’ companies