Amazon Earnings Beat, Analysts Bullish Amid Cloud Growth and Insider Selling

# Amazon Stock Analysis: Strong Q2 Performance Fuels Analyst Optimism

Explore Amazon's impressive Q2 2024 financial results in our latest podcast episode. We break down how AMZN shares are performing after beating earnings expectations with EPS of $1.68, exceeding analyst projections by $0.37, while revenue climbed 13.3% year-over-year to $167.7 billion.

Discover why major financial institutions including JPMorgan, Canaccord, and HSBC have raised their price targets, with consensus now at $262.45 despite current trading around $222. We analyze Amazon's solid cloud computing and advertising fundamentals that have analysts maintaining overwhelmingly positive "buy" ratings.

Our episode examines Amazon's improving profit margins, which reached 10.5% this quarter, alongside a healthy 24% return on equity. We also discuss recent insider trading activity, including notable sales by Jeffrey Bezos, and what these movements might signal for investors.

Whether you're considering an investment in Amazon or tracking tech sector trends, this comprehensive analysis provides the key metrics and expert perspectives you need to understand Amazon's current position and future outlook.

For more http://www.quietplease.ai

Stock up on these deals
https://amzn.to/3QFpYIX

Episode Transcript

Speaker 1 (00:00):
Amazon shares are trading around two hundred twenty two United
States dollars and sixty nine cents in early Monday, trading
modestly lower on the day, with a twelve month range
of one hundred sixty one United States dollars and thirty
eight cents to two hundred forty two United States dollars
and fifty two cents one three four extended hours day
to late last week showed a similar level, just above

(00:22):
two hundred twenty three United States dollars, suggesting a steady
open today. Four. Volume context is thin so far this morning.
Late last week's close and early extended trading imply activity
near typical levels, but full session comparisons to average volume
will firm up after the first hour of trade. Four.

(00:42):
Amazon's market capitalization is about two trillion, three hundred seventy
billion United States dollars, with a price to earnings ratio
near thirty four and a price to earnings to growth
ratio around one point five. Fresh from its July quarter
report on Thursday, July thirty first, Amazon delivered earnings per
share of one United States dollars and sixty eight cents,

(01:05):
being consensus by thirty seven cents on revenue of one
hundred sixty seven billion, seven hundred million United States dollars,
up thirteen point three percent year over year. Net margin
reached about ten and one half percent, and return on
equity was nearly twenty four percent. One Analysts now expect
roughly six United States dollars and thirty one cents in

(01:28):
earnings per share for the full year. Analysts sentiment remained
strongly positive, with an average rating of buy and a
consensus twelve month price target near two hundred sixty two
United States dollars and forty five cents one three four.
Recent target moves include increases by HSBC to two hundred
fifty six United States dollars, Wells Fargo to two hundred

(01:52):
forty five United States dollars with equal weight, JP Morgan
to two hundred sixty five United States dollars overweight, can
Accord to two hundred eighty United States dollars, By and
mon Ness, Cresby and Hart to two hundred seventy five
United States dollars by one third. Additional commentary over the
week end emphasized resilient cloud and advertising fundamentals, with several

(02:17):
firms reiterating buy or outperform ratings and targets between two
hundred sixty United States dollars and two hundred eighty five
United States dollars two. Other notable developments include insider selling disclosures,
highlighted by a mid July sale by Jeffrey P. Bezos,
alongside broader insider activity over the quarter. Overall, the post

(02:42):
earning set up features solid margin progress, steady cloud growth commentary,
and a support of analyst back drop into the second
half of the year. One