Company Update (NASDAQ:AMZN): Google Express vs. Amazon Prime Now (GOOG, AMZN)

[at Investopedia] – Google and Amazon are battling for workers and customer dollars as the retail delivery wars heat up. Read more on this. Amazon.com, Inc. (AMZN) , with a current market cap of $264.48B, opened at $573.54. Shares have traded today between $558.25 and $573.61 per share with a trailing 52-week range being $365.65 to $696.44. AMZN shares are currently priced at 125.54x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.60x earnings multiple for the same period. According to a consensus of 37 analysts, the earnings estimate of $0.58 per share would be $0.58 worse than the year-ago quarter and a $0.25 sequential decrease. The full-year EPS estimate is $4.60 which would be a $3.35 improvement than last year’s full-year earnings. 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. More recently, Canaccord Genuity upgraded AMZN from Hold to Buy (Feb 18, 2016). Previously, Susquehanna Initiated AMZN at to Positive. The average price target for AMZN shares by the analysts covering it is $736.27, which is 28.37% above where the stock opened. See more in (NASDAQ:AMZN) Similar Articles: Stock Update (NASDAQ:AMZN): Amazon’s new voice-controlled devices broaden competition with Google Stock Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon to Open New Pickup Location at The University of Texas at Austin Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Announces New In-Season Content Licensing Agreement with PBS to Bring Original Civil War-Era Drama Mercy Street to Prime Members