Needham & Company Maintains a 'Hold' on Amazon.com (AMZN); Q1 Preview - Remaining Cautious
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Price: $262.65 -0.94%
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
68 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Amazon.com (NASDAQ: AMZN).
Analyst, Kerry Rice, said, "While Amazon should benefit from solid 1Q12 e-commerce trends, we remain cautious given 31% YoY revenue growth expectations, which we see as optimistic. We see three factors that could pressure revenue growth: 1) slower Kindle Fire shipments; 2) downward trend in revenue per unit; and 3) growth in third-party (3P) revenue. Our GAAP EPS estimate is above expectations, but infrastructure investments could cause a deviation from these expectations."
"Our 1Q12 revenue estimate is $12.7 billion compared to consensus of $12.9 billion. Our GAAP EPS estimate of $0.10 is slightly above consensus of $0.07 as a result of higher interest income."
For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.
Shares of Amazon.com closed at $190.33 yesterday.
Analyst, Kerry Rice, said, "While Amazon should benefit from solid 1Q12 e-commerce trends, we remain cautious given 31% YoY revenue growth expectations, which we see as optimistic. We see three factors that could pressure revenue growth: 1) slower Kindle Fire shipments; 2) downward trend in revenue per unit; and 3) growth in third-party (3P) revenue. Our GAAP EPS estimate is above expectations, but infrastructure investments could cause a deviation from these expectations."
"Our 1Q12 revenue estimate is $12.7 billion compared to consensus of $12.9 billion. Our GAAP EPS estimate of $0.10 is slightly above consensus of $0.07 as a result of higher interest income."
For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.
Shares of Amazon.com closed at $190.33 yesterday.
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