From Nasdaq: 2024-04-30 22:20:00

Amazon (NASDAQ: AMZN) is set to reveal its Q1 2024 results on April 30, 2024, with expectations of surpassing earnings and revenue estimates. In the last quarter, the company exceeded expectations with a 14% revenue increase to $170 billion, driven by growth in North America, Amazon web services, and the International division.

Despite current financial conditions, AMZN stock has shown minimal change, fluctuating around $165 in early 2021 to $180 now. Returns were 2% in 2021, -50% in 2022, and 81% in 2023. A Trefis forecast values Amazon at $205 per share, 14% above the current market price of around $180.

Amazon’s revenues grew 12% to $574.8 billion in FY2023, with all major categories showing growth. For Q1 2024, estimates predict revenues of around $143.6 billion and an EPS of $0.85, 2% above consensus. Overall, Amazon is likely to report an annual GAAP EPS of $4.12 for 2024.

The stock price estimate for Amazon is 14% above the current market price, valuing the company at $205. Returns for AMZN in April 2024 stand at 0%, with a total return of 379% from 2017-2024, outperforming the S&P 500. Consider investing with Trefis Market-Beating Portfolios for potential gains.



Read more at Nasdaq: Rising 18% YTD, What To Expect From Amazon Stock In Q1?