Will AMZN going to beat the earnings significantly tomorrow?


Aime
Amazon is not expected to significantly beat earnings tomorrow, as indicated by the following:
- Earnings Expectations: The estimated EPS for Amazon is $1.14, which represents a significant jump of 34.12% from the year-ago quarter1. However, the estimated revenue is $157 billion, which is in line with the previous year's reported figure12.
- Historical Performance: Amazon has an impressive earnings surprise history, with an average surprise of 31.13% over the past four quarters1. Despite this, the company is not expected to deliver a significant earnings beat tomorrow.
- Market Expectations: The Zacks Consensus Estimate for net sales is pegged at $157 billion, indicating growth of 9.7% from the prior-year quarter1. This suggests that while Amazon may meet expectations, it is not expected to surpass them significantly.
- Analyst Ratings: The Earnings ESP (Expected Surprise Probability) is 0.00%, and the Zacks Rank is #3 (Hold), which does not conclusively predict an earnings beat1. This indicates that analysts do not expect a significant surprise in either direction.
- Revenue Projections: While Amazon's revenue projections for Q3 2024 range from $154 billion to $158.5 billion, the company is expected to grow 8-11% from the year-ago quarter3. This growth is in line with the company's historical performance and does not suggest a significant beat.
In conclusion, while Amazon has a history of delivering strong earnings, the expectations for tomorrow's report do not indicate a significant beat. The estimated EPS and revenue are in line with the previous year's figures, and analyst expectations do not suggest a substantial surprise.
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