Trading Strategies For Amazon Stock Before And After Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Amazon.com, Inc (NASDAQ:AMZN) is set to release its Q3 financial results after the market close on Thursday. Analysts expect Amazon to report EPS of 58 cents on revenues of $141.44 billion. Seaport Global analyst Aaron Kessler has initiated a Buy rating on Amazon with a price target of $145. From a technical analysis standpoint, Amazon's stock looks bearish heading into the event, but is due for a short-term bounce.
October 26, 2023 | 7:09 pm
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Amazon's Q3 earnings release is expected soon. Analysts predict EPS of 58 cents and revenues of $141.44 billion. The stock is currently bearish but expected to bounce back in the short term.
The upcoming Q3 earnings release is a significant event for Amazon. Analysts' expectations and the stock's current bearish trend could influence its short-term price. However, the stock is expected to bounce back, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100