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Gear Up for Amazon (AMZN) Q3 Earnings: Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that Amazon (AMZN - Free Report) will announce quarterly earnings of $2.01 per share in its forthcoming report, representing an increase of 3.1% year over year. Revenues are projected to reach $202.11 billion, increasing 12.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Amazon metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Net Sales- AWS' reaching $45.42 billion. The estimate points to a change of +37.6% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- North America' will reach $113.39 billion. The estimate points to a change of +6.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Sales- International' of $43.21 billion. The estimate indicates a year-over-year change of +5.7%.
Analysts expect 'Net Sales- Advertising services' to come in at $20.87 billion. The estimate suggests a change of +17.9% year over year.
The consensus estimate for 'Net Sales- Online stores' stands at $69.56 billion. The estimate indicates a year-over-year change of +3.2%.
Analysts forecast 'Net Sales- Subscription services' to reach $13.69 billion. The estimate suggests a change of +8.9% year over year.
The average prediction of analysts places 'Net Sales- Other' at $1.60 billion. The estimate points to a change of +13.2% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net Sales- Third-party seller services' should arrive at $44.83 billion. The estimate points to a change of +5.5% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Physical stores' should come in at $5.74 billion. The estimate indicates a change of +2.9% from the prior-year quarter.
The consensus among analysts is that 'Subscription services - Y/Y Change' will reach 9.0%. The estimate compares to the year-ago value of 11.0%.
The combined assessment of analysts suggests that 'Online stores - Y/Y Change' will likely reach 3.4%. Compared to the current estimate, the company reported 10.0% in the same quarter of the previous year.
Analysts predict that the 'Third-party seller services - Y/Y Change' will reach 5.8%. The estimate compares to the year-ago value of 12.0%.
Over the past month, shares of Amazon have returned -0.7% versus the Zacks S&P 500 composite's -1.2% change. Currently, AMZN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gear Up for Amazon (AMZN) Q3 Earnings: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Amazon (AMZN - Free Report) will announce quarterly earnings of $2.01 per share in its forthcoming report, representing an increase of 3.1% year over year. Revenues are projected to reach $202.11 billion, increasing 12.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Amazon metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Net Sales- AWS' reaching $45.42 billion. The estimate points to a change of +37.6% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- North America' will reach $113.39 billion. The estimate points to a change of +6.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Sales- International' of $43.21 billion. The estimate indicates a year-over-year change of +5.7%.
Analysts expect 'Net Sales- Advertising services' to come in at $20.87 billion. The estimate suggests a change of +17.9% year over year.
The consensus estimate for 'Net Sales- Online stores' stands at $69.56 billion. The estimate indicates a year-over-year change of +3.2%.
Analysts forecast 'Net Sales- Subscription services' to reach $13.69 billion. The estimate suggests a change of +8.9% year over year.
The average prediction of analysts places 'Net Sales- Other' at $1.60 billion. The estimate points to a change of +13.2% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net Sales- Third-party seller services' should arrive at $44.83 billion. The estimate points to a change of +5.5% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Sales- Physical stores' should come in at $5.74 billion. The estimate indicates a change of +2.9% from the prior-year quarter.
The consensus among analysts is that 'Subscription services - Y/Y Change' will reach 9.0%. The estimate compares to the year-ago value of 11.0%.
The combined assessment of analysts suggests that 'Online stores - Y/Y Change' will likely reach 3.4%. Compared to the current estimate, the company reported 10.0% in the same quarter of the previous year.
Analysts predict that the 'Third-party seller services - Y/Y Change' will reach 5.8%. The estimate compares to the year-ago value of 12.0%.
View all Key Company Metrics for Amazon here>>>Over the past month, shares of Amazon have returned -0.7% versus the Zacks S&P 500 composite's -1.2% change. Currently, AMZN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .