Amazon Earnings: What To Watch As The E-Commerce Giant Discloses Holiday Sales

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Amazon Earnings

Amazon.com Inc (NASDAQ: AMZN)

Amazon is set to announce fourth-quarter financial results after the close on Thursday. Excluding certain items, analysts polled by Refinitiv have called for earnings of $5.68 per share, compared with earnings of $2.16 per share in the fourth-quarter of the previous year. If the tech giant matches the estimates today, earnings will be up 160% year-over-over.



Analysts expect Amazon to report revenue of $71.9 billion, which would be an increase of 18.8% from the same period a year earlier based on Refinitiv data. However, that would miss the top end of the company’s guidance range and would be the slowest December quarter sales growth in five years.

For the full year, the analysts believe that revenue of the Seattle, WA-based company will surpass $200 billion mark for the first time in its history 25-year history. If Amazon tops $232.4 billion figure expected by Refinitiv analysts, it would hold the title of the sixth-largest company in the United States based on 2018 sales.

Wall Street anticipates good news today considering that Prime membership stood at 100 million in April 2018 and the company had record holiday sales.

Earlier this week, analysts at Wedbush Securities issued a note saying that they expect Amazon’s revenue to be “above the high-end of guidance given recent news, with SMB sales up by over 20% on Black Friday, Cyber Monday the biggest shopping day in company history (again), and the holiday season setting a record for items ordered.”

BMO analysts, on the other hand, expect Amazon to post strong Ad revenue for the holiday quarter. “We are raising our 4Q18/2019/2020 advertising estimates following a noticeable uptick in enthusiasm for Amazon’s ad business after the 4Q holiday season,” the analysts said on Tuesday

Shares of Amazon were trading 2.35% higher to $1,709.72 in the early hours of the regular session on the Nasdaq ahead of the earnings report. The stock has rallied 13.68% over the last 12 months. Amazon’s fourth quarter conference call is set to start at 5:30 p.m. Eastern Time. Investors can access the call here https://edge.media-server.com/m6/p/64vixcqa

Amazon.com, Inc. Profile

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.




The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA. – CNN Money



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