Amazon.com, Inc. (NASDAQ:AMZN) is in the spotlight Thursday ahead of fourth-quarter earnings today after the market closes.
- Amazon stock is showing weakness. Why is AMZN stock trading lower?
Earnings Expectations And What To Watch
Amazon is expected to report earnings per share of $1.97 and revenue of $211.30 billion. The company has beaten estimates for four consecutive quarters. In its most recent report on Oct. 30, the company posted earnings per share of $1.95, beating the consensus estimate of $1.57. In addition, Amazon reported revenue of $180.17 billion, beating the consensus estimate of $177.75 billion.
Investors should keep a close eye on e-commerce growth, which has been a significant driver for Amazon, particularly in the face of economic headwinds. Watch for continued growth in same-store sales, which have been pivotal in demonstrating Amazon’s resilience in a competitive landscape. Additionally, monitoring inventory levels will be crucial, as efficient inventory management can indicate operational effectiveness and demand forecasting accuracy.
Analyst Ratings
Amazon carries a consensus rating of Buy and a consensus price target of $294.34. Recent actions ahead of the earnings report include:
- UBS analyst Stephen Ju maintained a Buy rating on Amazon and raised the price target from $310 to $311.
- Citizens analyst Andrew Boone maintained a Market Outperform rating on Amazon and raised the price target from $300 to $315.
- Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating on Amazon and maintained a $300 price target.
- Oppenheimer analyst Jason Helfstein maintained an Outperform rating on Amazon and raised the price target from $305 to $315.
- Keybanc analyst Justin Patterson maintained an overweight rating on Amazon and raised the price target from $303 to $308.
Amazon Stock Slides Lower
AMZN Price Action: At the time of publication, Amazon stock is trading 4.63% lower at $222.22, according to data from Benzinga Pro.
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