Amazon.com, Inc. (NASDAQ: AMZN) is gearing up to announce its quarterly earnings after the bell tomorrow, with markets keenly watching for clues about both recent performance, and future Capex expectations. With hyper-scaler peers including Google confirming in their own earnings an expanded capital expenditure forecast, Amazon's plans could provide vital insights.
For the upcoming quarter, markets are looking for an EPS of $1.52, coming against revenue of $187.28 billion. With the stock having gained 51% over the past 12 months, anything less than more of the same will likely be harshly treated by the street.
| Reporting Period (AMZN) | EPS Actual ($) | EPS Expected ($) | Revenue Actual ($ BN) | Revenue Expected ($BN |
|---|---|---|---|---|
| Feb 6th | – | 1.52 | – | 187.28 |
| Sep '24 | 1.43 | 1.14 | 158.88 | 157.28 |
| Jun '24 | 1.26 | 1.02 | 147.98 | 148.76 |
| Mar '24 | 0.98 | 0.83 | 143.31 | 142.56 |
| Dec '23 | 1.00 | 0.80 | 169.96 | 166.26 |
Amazon's stock is currently trading down 2.38% on the day, as Microsoft and Google's disappointing cloud business numbers are filtering through into some of the expectations on Amazon's AWS.
Recent reports from Amazon have each beat big from an earnings per share perspective, with the lowest outperformance over the past four quarters an 18% beat in March 2024. Revenue has largely come in single digit percentages above, with the exception of the June quarter that offered up a 0.52% miss.
Amazon operates through multiple segments, including North America, International, and Amazon Web Services (AWS). The company is also known for its range of devices, such as Kindle and Fire TV, which contribute to its diverse portfolio and revenue streams.
The upcoming earnings report will be crucial in assessing Amazon's market position and growth trajectory, providing valuable insights into the broader tech sector that could hold sway on sentiment in the short term. Anything less than stellar numbers have been harshly treated by markets in recent days, so bulls will be hoping Amazon can deliver.
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