Wall Street analysts expect Amazon (AMZN) to post quarterly earnings of $1.98 per share in its upcoming report, which indicates a year-over-year increase of 6.5%. Revenues are expected to be $211.56 billion, up 12.7% from the year-ago quarter.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Amazon metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Net Sales- AWS' to reach $35.03 billion. The estimate suggests a change of +21.7% year over year.
The consensus among analysts is that 'Net Sales- Physical stores' will reach $5.88 billion. The estimate indicates a year-over-year change of +5.3%.
The average prediction of analysts places 'Net Sales- Online stores' at $82.40 billion. The estimate indicates a change of +9.1% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Subscription services' will reach $12.86 billion. The estimate points to a change of +11.8% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Sales- North America' will likely reach $127.14 billion. The estimate points to a change of +10% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Advertising services' should come in at $21.21 billion. The estimate points to a change of +22.7% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net Sales- International' should arrive at $49.34 billion. The estimate suggests a change of +13.6% year over year.
Analysts predict that the 'Subscription services Y/Y Change' will reach 10.8%. The estimate is in contrast to the year-ago figure of 10.0%.
The collective assessment of analysts points to an estimated 'Third-party seller services Y/Y Change' of 10.7%. Compared to the current estimate, the company reported 9.0% in the same quarter of the previous year.
The consensus estimate for 'Online stores Y/Y Change' stands at 8.8%. The estimate is in contrast to the year-ago figure of 7.0%.
Analysts expect 'Headcount - Total' to come in at 1,574,104 . The estimate is in contrast to the year-ago figure of 1,556,000 .
Analysts' assessment points toward 'WW shipping costs' reaching $30.53 billion. The estimate compares to the year-ago value of $28.55 billion.
View all Key Company Metrics for Amazon here>>>
Over the past month, Amazon shares have recorded returns of +5.7% versus the Zacks S&P 500 composite's +0.7% change. Based on its Zacks Rank #2 (Buy), AMZN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Amazon.com, Inc. (AMZN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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