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Can Amazon be the next FAAMG company to wow investors this earnings season? Today, Amazon Maven will provide comprehensive earnings coverage from the Seattle-based company in real time, via a live blog. Tune in around 3:55 p.m. EST on February 3.
The live blog starts below – to access it, scroll down to the “Live blog starts here” section. Don’t forget to refresh your browser, especially around and after the end of this Thursday’s trading session, to see the updates.
But first, here’s a very quick recap of what to expect from Amazon on earnings day.
(Learn more about Amazon Maven: Amazon Stock Ahead of Earnings: What the Experts Say)
Amazon: probably another difficult quarter
Wall Street is betting that Amazon will generate $137.6 billion in revenue during the holiday quarter, for modest implied growth of less than 10%. Beyond the fourth quarter, analysts expect sales growth to climb steadily to a high of 21% in about three quarters.
EPS is expected to land around $3.54, significantly lower than the $14.09 reached in the comparable quarter last year. This modest revenue figure reflects the challenges that Amazon is still likely to face this revenue season:
- Post-pandemic shopping habits that no longer favor home shopping as much as they did in 2020 and early last year.
- Supply chain challenges that could weigh on demand and eat away at revenue.
- High labor costs, particularly inflated by this pandemic transition period.
By the way: follow Alphabet’s (GOOGL) – Get the Class A report from Alphabet Inc. recently announced decision to split its shares at a 20-to-1 ratio in July 2022, will Amazon be next? If so, can AMZN stocks rally?
Amazon stock nears bear market
Amazon stock (AMZN) – Get the report from Amazon.com, Inc. has been a loser within the Big Tech group so far in 2022. Shares peaked at $3,731 in July 2021. Since then, the stock price has fallen over 20% and no longer sits only about 19% from the all-time high.
Could now be a good time to hold Amazon stock and take advantage of a potential post-earnings rally? Stay tuned to find out.
Live blogging starts here!
(Please refresh your browser for updates below)
3:00 a.m. PST: Today is Amazon Earnings Day! We’ll be back before the closing bell for a full analysis of Amazon’s earnings and earnings call. See you later!
Amazon releases its fourth quarter results on Thursday, February 3, after the closing bell. What do you think will happen to AMZN stock on Friday?
(Disclaimer: This is not investment advice. The author may own one or more stocks mentioned in this report. Additionally, the article may contain affiliate links These partnerships do not influence editorial content. Thank you for supporting Amazon Maven)