Amazon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Amazon.com, Inc. (NASDAQ:AMZN) is set to release its Q1 earnings after the market closes on Feb. 1, 2024, with analysts predicting an earnings increase to 80 cents per share from 3 cents the previous year, and revenue to rise to $166.21 billion from $149.2 billion. The company is also partnering with Kueski to offer bi-weekly installment payments in Latin America. Shares fell 1.4% to $156.73 recently. Analysts from Telsey Advisory Group, Benchmark, Stifel, Wedbush, and Oppenheimer have updated their ratings and price targets for AMZN, reflecting optimism about its performance.
February 01, 2024 | 3:45 pm
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POSITIVE IMPACT
Amazon's Q1 earnings are anticipated to show significant growth, with a partnership in Latin America potentially boosting its market presence. Analysts have revised their ratings and price targets upwards.
The positive revisions by analysts and the expected significant increase in earnings and revenue indicate a strong short-term outlook for Amazon. The partnership with Kueski could further enhance its growth prospects in Latin America, despite the recent dip in share price. The high relevance and importance scores reflect Amazon's direct involvement in the news, and the confidence score is based on the detailed forecasts and analyst ratings provided.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100