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Amazon (AMZN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2023, Amazon (AMZN - Free Report) reported revenue of $143.08 billion, up 12.6% over the same period last year. EPS came in at $0.85, compared to $0.20 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $141.53 billion, representing a surprise of +1.10%. The company delivered an EPS surprise of +46.55%, with the consensus EPS estimate being $0.58.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Amazon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Subscription services Y/Y Change: 13% versus the four-analyst average estimate of 14.2%.
Online stores Y/Y Change: 6% versus 6.4% estimated by four analysts on average.
Third-party seller services Y/Y Change: 18% versus 16.7% estimated by four analysts on average.
Headcount - Total: 1,500,000 versus the two-analyst average estimate of 1,479,813.
Geographic Revenue - International: $32.14 billion versus the eight-analyst average estimate of $30.84 billion. The reported number represents a year-over-year change of +15.9%.
Net Sales- AWS: $23.06 billion compared to the $23.19 billion average estimate based on eight analysts. The reported number represents a change of +12.3% year over year.
Geographic Revenue- North America: $87.89 billion versus the eight-analyst average estimate of $87.37 billion. The reported number represents a year-over-year change of +11.5%.
Net sales- Physical stores: $4.96 billion compared to the $5.02 billion average estimate based on seven analysts. The reported number represents a change of +5.7% year over year.
Net Sales- Third-party seller services: $34.34 billion versus $33.35 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +19.8% change.
Net sales- Other: $1.23 billion versus $1.44 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
Net sales- Online stores: $57.27 billion versus $57.08 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
Net Sales- Subscription services: $10.17 billion versus $10.12 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +14.2% change.
Shares of Amazon have returned -3.6% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Amazon (AMZN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, Amazon (AMZN - Free Report) reported revenue of $143.08 billion, up 12.6% over the same period last year. EPS came in at $0.85, compared to $0.20 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $141.53 billion, representing a surprise of +1.10%. The company delivered an EPS surprise of +46.55%, with the consensus EPS estimate being $0.58.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Amazon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Subscription services Y/Y Change: 13% versus the four-analyst average estimate of 14.2%.
- Online stores Y/Y Change: 6% versus 6.4% estimated by four analysts on average.
- Third-party seller services Y/Y Change: 18% versus 16.7% estimated by four analysts on average.
- Headcount - Total: 1,500,000 versus the two-analyst average estimate of 1,479,813.
- Geographic Revenue - International: $32.14 billion versus the eight-analyst average estimate of $30.84 billion. The reported number represents a year-over-year change of +15.9%.
- Net Sales- AWS: $23.06 billion compared to the $23.19 billion average estimate based on eight analysts. The reported number represents a change of +12.3% year over year.
- Geographic Revenue- North America: $87.89 billion versus the eight-analyst average estimate of $87.37 billion. The reported number represents a year-over-year change of +11.5%.
- Net sales- Physical stores: $4.96 billion compared to the $5.02 billion average estimate based on seven analysts. The reported number represents a change of +5.7% year over year.
- Net Sales- Third-party seller services: $34.34 billion versus $33.35 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +19.8% change.
- Net sales- Other: $1.23 billion versus $1.44 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -2.9% change.
- Net sales- Online stores: $57.27 billion versus $57.08 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
- Net Sales- Subscription services: $10.17 billion versus $10.12 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +14.2% change.
View all Key Company Metrics for Amazon here>>>Shares of Amazon have returned -3.6% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.