Amazon is expected to report increased earnings and revenues, potentially impacting stock price

From NASDAQ.: 2024-07-25 10:01:53

Amazon is expected to report a year-over-year increase in earnings for the quarter ended June 2024, with revenues higher as well. The stock price could be influenced by whether the actual results beat expectations. Analysts expect quarterly earnings of $1.03 per share, up 63.5%, with revenues of $148.63 billion, up 10.6%.

The consensus EPS estimate for Amazon has remained unchanged over the last 30 days. The Earnings Whisper suggests clues to business conditions in the upcoming earnings report. The Most Accurate Estimate is higher than the consensus, resulting in a positive Earnings ESP of +4.58%. Historically, Amazon has beaten earnings estimates four times in the last four quarters.

Etsy, another player in the Internet – Commerce industry, is expected to report lower earnings per share for the quarter ended June 2024. The consensus EPS estimate has been revised down over the last 30 days. With a Zacks Rank of #4 (Sell) and an Earnings ESP of -4.81%, it is uncertain whether Etsy will beat expectations. The company has surpassed estimates two times in the last four quarters.

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Read more at NASDAQ.: Amazon (AMZN) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release