A week ago, Amazon.com, Inc. (NASDAQ:AMZN) came out with a strong set of third-quarter numbers that could potentially lead to a re-rate of the stock. The company beat both earnings and revenue forecasts, with revenue of US$96b, some 3.8% above estimates, and statutory earnings per share (EPS) coming in at US$12.37, 66% ahead of expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Amazon.com

Following the latest results, Amazon.com's 47 analysts are now forecasting revenues of US$444.0b in 2021. This would be a huge 28% improvement in sales compared to the last 12 months. Statutory earnings per share are predicted to leap 28% to US$44.66. In the lead-up to this report, the analysts had been modelling revenues of US$436.0b and earnings per share (EPS) of US$44.56 in 2021. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analysts reconfirmed their price target of US$3,794, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Amazon.com at US$4,500 per share, while the most bearish prices it at US$3,360. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. Next year brings more of the same, according to the analysts, with revenue forecast to grow 28%, in line with its 24% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 18% per year. So it's pretty clear that Amazon.com is forecast to grow substantially faster than its industry.