From Nasdaq: 2024-08-01 21:26:00

Amazon’s stock has gained 20% YTD, scheduled to report strong fiscal Q2 2024 results. Revenues expected to be above estimates, with net revenues up 13% last quarter. Valuation forecasted at $213 per share, 16% above the current market price. EPS likely to exceed consensus, with adjusted net income rising. Trefis projects Amazon’s revenues to hit $641 billion in 2024.

Returns for Amazon were 2% in 2021, -50% in 2022, and 81% in 2023, underperforming the S&P in 2021 and 2022. Trefis estimates Amazon’s fiscal Q2 2024 net revenues at $148.83 billion. The company’s adjusted net income increased significantly in FY 2023, with Q1 2024 results showing growth. Stock price estimate is 16% higher than the current market price.

AMZN stock gained 20% YTD, while eBay is up 30%. Revenue growth driven by North America, International, and AWS segments. EPS expected to be $1.05 per Trefis analysis, above consensus estimate. Overall, Amazon is expected to report an annual GAAP EPS of $4.12 and RPS of $61.48 for full-year 2024.



Read more at Nasdaq: Amazon Stock Is Beating S&P500 In YTD Returns, What To Expect From Q2 Results?