From Nasdaq: 2024-04-29 07:58:00

The first-quarter 2024 earnings season is off to a strong start, with Internet-commerce companies set to report their financial numbers this week. Online retail sales saw a strong rebound in March, climbing 2.7% month over month and 11.3% year over year. The Zacks-defined Internet-Commerce industry is currently in the top 13% of the Zacks Industry Rank, with 52.7% returns in the past year.

Three e-commerce stocks are poised to beat first-quarter earnings results. Amazon.com Inc. (AMZN) has benefited from Prime and AWS momentum, with an expected earnings growth rate of 42.1%. Booking Holdings Inc. (BKNG) is benefiting from strong growth in rental car and airline ticket units, with an expected earnings growth rate of 15.7%. Wayfair Inc. (W) is experiencing growing momentum across active customers, with an expected earnings growth rate of over 100%.

Amazon.com Inc. (AMZN) has an Earnings ESP of +7.51%, while Booking Holdings Inc. (BKNG) has an Earnings ESP of +4.13%, and Wayfair Inc. (W) has an Earnings ESP of +60.20%. Amazon.com has recorded earnings surprises in the last four quarters, with an average beat of 51%. Booking Holdings and Wayfair have also recorded earnings surprises in their last four reported quarters. The companies are set to release earnings results at the end of April and beginning of May.



Read more at Nasdaq:: Top 3 Internet-Commerce Stocks Poised to Beat on Q1 Earnings