Amazon shares dip ahead of earnings; Wall Street expects Q3 EPS and revenue growth
AMZN•Amazon shares fell 3.9% ahead of its quarterly results. Analysts estimate third-quarter adjusted EPS of $1.96 and revenue of $202.31 billion.
1. Earnings expectations
Amazon shares were down 3.9% as technology investors weighed concerns about AI investment costs. Analysts expect the company to report accelerating cloud growth.
2. Analyst estimates
Wall Street analysts estimate third-quarter adjusted EPS of $1.96 and revenue of $202.31 billion, based on LSEG-compiled data. Amazon beat EPS estimates in six of the past eight quarters, while revenue met or exceeded estimates in each of those quarters.
3. Ratings and performance
Of 64 analysts, 17 rate the stock strong buy, 45 buy and two hold. Amazon was up about 6% year to date, compared with an 8.6% gain for the Dow and a 1.7% decline for the S&P 500 Consumer Discretionary index.
