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Amazon (AMZN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Amazon (AMZN - Free Report) reported $143.31 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.5%. EPS of $1.13 for the same period compares to $0.31 a year ago.
The reported revenue represents a surprise of +0.55% over the Zacks Consensus Estimate of $142.53 billion. With the consensus EPS estimate being $0.83, the EPS surprise was +36.14%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Amazon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Third-party seller services Y/Y Change: 16% versus 15.6% estimated by seven analysts on average.
Subscription services Y/Y Change: 11% compared to the 10.8% average estimate based on seven analysts.
Online stores Y/Y Change: 7% compared to the 7.2% average estimate based on seven analysts.
Headcount - Total: 1,521,000 versus the two-analyst average estimate of 1,496,412.
Net Sales- AWS: $25.04 billion versus the 11-analyst average estimate of $24.26 billion. The reported number represents a year-over-year change of +17.3%.
Net sales- Physical stores: $5.20 billion versus $5.06 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
Net sales- Online stores: $54.67 billion versus the eight-analyst average estimate of $54.76 billion. The reported number represents a year-over-year change of +7%.
Net Sales- Subscription services: $10.72 billion versus $10.68 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +11% change.
Net Sales- Advertising services: $11.82 billion versus $11.87 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +24.4% change.
Net Sales- Third-party seller services: $34.60 billion versus $34.48 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
Geographic Revenue - International: $31.94 billion compared to the $32.74 billion average estimate based on eight analysts. The reported number represents a change of +9.7% year over year.
Geographic Revenue- North America: $86.34 billion compared to the $85.33 billion average estimate based on eight analysts. The reported number represents a change of +12.3% year over year.
Shares of Amazon have remained unchanged over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Amazon (AMZN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Amazon (AMZN - Free Report) reported $143.31 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.5%. EPS of $1.13 for the same period compares to $0.31 a year ago.
The reported revenue represents a surprise of +0.55% over the Zacks Consensus Estimate of $142.53 billion. With the consensus EPS estimate being $0.83, the EPS surprise was +36.14%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Amazon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Third-party seller services Y/Y Change: 16% versus 15.6% estimated by seven analysts on average.
- Subscription services Y/Y Change: 11% compared to the 10.8% average estimate based on seven analysts.
- Online stores Y/Y Change: 7% compared to the 7.2% average estimate based on seven analysts.
- Headcount - Total: 1,521,000 versus the two-analyst average estimate of 1,496,412.
- Net Sales- AWS: $25.04 billion versus the 11-analyst average estimate of $24.26 billion. The reported number represents a year-over-year change of +17.3%.
- Net sales- Physical stores: $5.20 billion versus $5.06 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
- Net sales- Online stores: $54.67 billion versus the eight-analyst average estimate of $54.76 billion. The reported number represents a year-over-year change of +7%.
- Net Sales- Subscription services: $10.72 billion versus $10.68 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +11% change.
- Net Sales- Advertising services: $11.82 billion versus $11.87 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +24.4% change.
- Net Sales- Third-party seller services: $34.60 billion versus $34.48 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
- Geographic Revenue - International: $31.94 billion compared to the $32.74 billion average estimate based on eight analysts. The reported number represents a change of +9.7% year over year.
- Geographic Revenue- North America: $86.34 billion compared to the $85.33 billion average estimate based on eight analysts. The reported number represents a change of +12.3% year over year.
View all Key Company Metrics for Amazon here>>>Shares of Amazon have remained unchanged over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.