Amazon.com, Inc. Revenue (TTM) | Amazon.com, Inc. Quote
Should its Courier Partners Hit the Panic Button?
Well, we believe yes, supposing that they have read the company they have partnered with for so long. Amazon has never hesitated in doing what it believes could bring more customers under its umbrella and giving them reasons to stay. That’s part of its long-term plan and a huge cash balance and technological prowess back its implementation.
While Amazon may not immediately do away with its courier partners, it is certainly reducing reliance on them and building alternatives/supplements by developing its own global logistics.
And What’s Beyond That?
Just as what Amazon did with its online retail platform and AWS that is offering the same platforms it built to handle its own business as a service.
We all know that Amazon has been pushing its own logistics in recent years through investments in fulfillment centers, trucks and containers and its Fulfillment by Amazon (FBA) service has been doing well. It has also bought some planes and self-designed drones that are in the works.
So, if on a fine day, Amazon starts offering its logistics to outside parties, it should not come as a surprise.
Zacks Rank and a Better Pick
Amazon has a Zacks Rank #5 (Strong Sell).
A better pick from the broader technology space would be Applied Materials AMAT, sporting a Zacks Rank #1 (Strong Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here.
The company’s Zacks Consensus Estimate for 2017 earnings of $3.23 reflects year-over-year growth of 84.3%. Moreover, its earnings are expected to register 14.5% growth in 2018. The stock has long-term expected earnings per share growth rate of 17.1%.
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Source : https://finance.yahoo.com/news/amazon-amzn-ready-deliver-shipments-142002896.html