On Thursday, February 1st, Amazon (NASDAQ:AMZN) will release its fourth quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of C.
Dave will look at Amazon’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Amazon ahead of earnings.
Amazon in Focus
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. It operates through the North America, International, and Amazon Web Services (AWS) segments. The company sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk. It also manufactures and sells electronic devices, including kindle e-readers, fire tablets, fire TVs, and echo; and provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store.
Amazon is expected to report earnings at $1.85 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 5,100%. They reported earnings at $0.52per share, beating their estimate of $0.01. They have an average earnings surprise of 1,270.57% over the last 4 quarters.
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
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