Amazon is slated to release its third-quarter earnings report after the market closes on October 26. After starting the year on fire, shares have hit a lull since the company's massive earnings miss last quarter, but investors can rest assured that this report will dominate headlines for days.
According to our latest consensus estimates, Amazon is expected to report a loss of 2 cents per share and revenues of $41.97 billion. This would represent sales growth of 28% but an EPS slump of nearly 104%. Some investors may be concerned about Amazon's short-term spending, but Wall Street will likely react to the company's growth in key divisions like Amazon Web Services.
Analysts there estimate about 7% retail margin versus 1% last year.
Analysts are “highly confident” about Amazon’s AMZN, -1.16% growth, rating the e-commerce giant’s shares overweight with a $1,200 price target.
While the additional grocery business is a focus, Amazon hasn’t lost forgotten about other parts of its business, introducing a crop of new Echo and Fire TV devices in recent weeks, as the competition in voice commerce heats up.
According to our latest consensus estimates, Amazon is expected to report a loss of 2 cents per share and revenues of $41.97 billion. This would represent sales growth of 28% but an EPS slump of nearly 104%. Some investors may be concerned about Amazon's short-term spending, but Wall Street will likely react to the company's growth in key divisions like Amazon Web Services.
Analysts there estimate about 7% retail margin versus 1% last year.
Analysts are “highly confident” about Amazon’s AMZN, -1.16% growth, rating the e-commerce giant’s shares overweight with a $1,200 price target.
While the additional grocery business is a focus, Amazon hasn’t lost forgotten about other parts of its business, introducing a crop of new Echo and Fire TV devices in recent weeks, as the competition in voice commerce heats up.
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