Dan Niles Tweets "Slowdown In E-Commerce Demand Post Pandemic Seems To Be Over. Amazon Sold More Than 375M Items (Est 325-350M) During Prime Day Vs Last Yr 300M+. Should See Solid Retail Margin Leverage Which Is The Biggest EPS Driver Going Forward."
Portfolio Pulse from Benzinga Newsdesk
Dan Niles, a prominent investor, tweeted that the slowdown in e-commerce demand post-pandemic seems to be over. He noted that Amazon sold more than 375 million items during Prime Day, exceeding last year's 300 million and estimates of 325-350 million. Niles expects this to drive solid retail margin leverage, which he identifies as the biggest EPS driver going forward.
July 13, 2023 | 5:24 pm
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POSITIVE IMPACT
Amazon's Prime Day sales exceeded estimates, which could potentially drive solid retail margin leverage, a key EPS driver. This suggests a positive outlook for Amazon's stock in the short term.
Amazon's Prime Day sales exceeded estimates, indicating strong demand for its products. This could potentially drive solid retail margin leverage, which is a key driver of earnings per share (EPS). Higher EPS often leads to an increase in a company's stock price. Therefore, this news is likely to have a positive impact on Amazon's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100