Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) will be announcing earnings results this Thursday after market hours. Here’s what to expect.
Amazon met analysts’ revenue expectations last quarter, reporting revenues of $155.7 billion, up 8.6% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EPS estimates but operating income guidance for next quarter missing analysts’ expectations significantly.
Is Amazon a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Amazon’s revenue to grow 9.6% year on year to $162.2 billion, in line with the 10.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.31 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amazon has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.9% on average.
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