Amazon is likely to beat the earnings expectation based on the following analysis:
- Revenue Growth: Amazon's total revenue for the fiscal year 2024 Q3 is estimated to be $157.2 billion, with a YoY growth rate of 10.12%1. This indicates a strong revenue base and suggests that the company is on track to meet or exceed revenue expectations.
- Earnings Per Share (EPS) Expectation: The estimated EPS for Amazon is $1.14 for the current quarter2, which is in line with the EPS growth rate of 28.57%1. This suggests that the company's EPS is expected to grow significantly, which could lead to an earnings beat.
- Analyst Confidence: The consensus rating for Amazon is a "Strong Buy" with an average price target of $228.773, indicating that analysts are optimistic about the company's future performance and earnings prospects.
- Recent Performance: Amazon's stock price has experienced a decline of 3.54%, which may indicate a bearish trend in the short term. However, the company's financial fundamentals remain strong, which could support a earnings beat.
In conclusion, based on Amazon's strong revenue growth, expected EPS growth, analyst confidence, and recent performance, it is likely that Amazon will beat the earnings expectation for the current quarter.
10/31/2024 06:15pm
