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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com    AMZN

AMAZON.COM

(AMZN)
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1802.495 USD   +0.06%
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Netflix surges ahead of quarterly results report; Disney in focus

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04/16/2019 | 01:07pm EDT
FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Los Angeles

SAN FRANCISCO (Reuters) - Shares of Netflix jumped 3 percent on Tuesday ahead of the streaming video service's quarterly results, with traders expecting a larger than normal reaction from the stock as new competition looms from Walt Disney Co.

Netflix will be the first to report March-quarter earnings among major high-growth firms and Wall Street's reaction to its results will be viewed as an indicator of what to expect when Amazon.com Inc and Facebook Inc report next week.

"There is some concern that real competition is entering the market, but Netflix is still a good proxy for investor risk appetite, especially for technology," said Joel Kulina, Senior Vice President of Institutional Cash Equities at Wedbush Securities.

Options traders expect Netflix shares to swing by about 7% in either direction in the session after its report, which is expected after the market closes on Tuesday. That is more than the median move of 5.4% in Netflix's eight most recent quarterly reports, according to options analytics firm Trade Alert.

On Jan. 18 following its last quarterly results, Netflix dropped 4% over concerns about slowing growth, and investors are now focused on how Chief Executive Officer Reed Hastings plans to fend off a major challenge from Walt Disney, with its upcoming Disney+ streaming service.


Walt Disney mounts a challenge to Netflix:

Disney's stock has surged 12% since it unveiled the service last week, which will be priced below Netflix and include some of the world's most popular entertainment franchises. Netflix has slipped almost 3% during that time.

"The real question that investors will want answered is how will the company launch a counterattack to Disney's massive offensive that is on the horizon?," Jones Trading Chief Market Strategist Mike O'Rourke wrote in a client note.

The so-called FANG group of high-growth stocks, including Facebook, Netflix, Google-parent Alphabet and Amazon, has rebounded sharply following a steep market selloff late last year. Facebook is up 36% year to date, followed by Netflix's 34% rise. Facebook reports on April 24, Amazon reports on April 25 and Alphabet Inc reports on April 29.

For the first quarter, Netflix has said it expects to add 8.9 million global subscribers.

Analysts on average expect Netflix to report a 21.6% rise in quarterly revenue to $4.5 billion (£3.4 billion), which would be its most modest quarterly revenue increase since 2013, according to Refinitiv. Analysts on average expect non-GAAP earnings per share of 57 cents.

(Reporting by Noel Randewich, additional reporting by Saqib Ahmed in New York; editing by Grant McCool)

By Noel Randewich

Stocks treated in this article : Walt Disney Company (The), Facebook, Amazon.com, Alphabet, Netflix
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET -1.41% 1183.53 Delayed Quote.13.26%
AMAZON.COM -0.81% 1801.38 Delayed Quote.19.93%
FACEBOOK -1.27% 183.81 Delayed Quote.40.22%
NETFLIX -3.36% 298.99 Delayed Quote.11.71%
WALT DISNEY COMPANY (THE) -0.12% 135.13 Delayed Quote.23.24%
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Financials (USD)
Sales 2019 279 B
EBIT 2019 14 968 M
Net income 2019 12 108 M
Finance 2019 34 260 M
Yield 2019 -
P/E ratio 2019 76,0x
P/E ratio 2020 53,3x
EV / Sales2019 3,07x
EV / Sales2020 2,53x
Capitalization 891 B
Chart AMAZON.COM
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Amazon.com Technical Analysis Chart | MarketScreener
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Technical analysis trends AMAZON.COM
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 2 270,11  $
Last Close Price 1 801,38  $
Spread / Highest target 45,2%
Spread / Average Target 26,0%
Spread / Lowest Target 15,5%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Tom A. Alberg Independent Director
Thomas O. Ryder Independent Director
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