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 Q2 earnings on August 1, with analysts expecting a significant increase in both earnings per share and revenue compared to the previous year. Several top analysts have recently revised their price targets for Amazon, maintaining positive ratings.
August 01, 2024 | 6:35 pm
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Amazon is expected to report strong Q2 earnings with EPS of $1.03 and revenue of $148.56 billion. Analysts have raised their price targets, maintaining positive ratings.
The anticipated strong earnings report and the positive revisions in price targets by top analysts suggest a bullish outlook for Amazon's stock in the short term. The increase in both EPS and revenue compared to the previous year indicates robust performance, which is likely to drive the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100