Amazon Q1 Earnings Preview: Analyst Estimates, Key Items To Watch Including NBA, WNBA, Fallout
Portfolio Pulse from Chris Katje
Amazon.com Inc (NASDAQ:AMZN) is expected to report Q1 revenue of $142.47 billion, an improvement from last year's $127.36 billion, and earnings per share of 83 cents, up from 35 cents. Analysts anticipate strong sales and profit growth, highlighting the strength of online spending and faster fulfillment. Key factors include AWS segment performance, high-margin categories like advertising, and sports media rights, including NBA and WNBA deals. Analyst ratings are positive, with price targets ranging from $200 to $235.
April 29, 2024 | 4:05 pm
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Amazon is anticipated to show significant growth in Q1 with expected revenue of $142.47 billion and EPS of 83 cents. Analysts focus on AWS, high-margin categories, and sports media rights as growth drivers.
The expected increase in revenue and EPS, along with positive analyst ratings and strategic moves in sports media rights, suggest a strong short-term outlook for AMZN. The emphasis on AWS and high-margin categories like advertising indicates potential for sustained growth, making the news highly relevant and important for investors.
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IMPORTANCE 95
RELEVANCE 100