2024

Meta

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Amazon (<a href="https://tokenist.com/investing/how-to-buy-shares-online/" rel="noopener noreferrer nofollow" class="deco-link">NASDAQ: AMZN</a>), the e-commerce and tech giant, will release its earnings report for the first quarter of 2024 after the market closes today. Wall Street analysts anticipate revenue of around $142.7 billion and net income of around $9 billion for the quarter. The consensus estimate for earnings per share (EPS) is <a href="https://www.nasdaq.com/market-activity/stocks/amzn/earnings" target="_blank" aria-label="81 cents (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">81 cents</a>.</p>
<p>Investors and analysts will examine Amazon’s plans and investments related to <a href="https://tokenist.com/3-small-cap-ai-stocks-with-serious-growth-potential/" rel="noopener noreferrer nofollow" class="deco-link">artificial intelligence</a> (AI) and the overall profitability of its retail operations. The company’s AI initiatives, particularly in the cloud computing space with Amazon Web Services (AWS), will be <a href="https://tokenist.com/alphabet-microsoft-beat-q2-expectations-driven-by-ai-cloud-growth/" class="deco-link" rel="noopener noreferrer nofollow">compared</a> to those of Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG).</p>
<p>The performance of Amazon’s North America and international retail segments will naturally also be scrutinized, focusing on changes in profitability and market share.</p>
<h3 id="amazon-s-previous-quarter-results-and-fiscal-year-2024-expectations">Amazon’s Previous Quarter Results and Fiscal Year 2024 Expectations</h3>
<p>In the previous quarter, Amazon delivered <a href="https://tokenist.com/amazon-stock-amzn-nears-52-week-high-and-is-likely-to-surge-past-it/" rel="noopener noreferrer nofollow" class="deco-link">strong results</a> with significant growth compared to last year’s equivalent period. The company reported an EPS of $0.81 for the quarter that ended March 2024, which was up from $0.31 in the corresponding quarter of the previous year. While analysts had initially set a high expectation of $0.92 <a href="https://tokenist.com/investing/how-to-value-a-stock/" class="deco-link" rel="noopener noreferrer nofollow">EPS</a>, the consensus ultimately settled at $0.81 for the quarter.</p>
<p>Looking ahead to fiscal year 2024, analysts have made slight upward revisions to their EPS forecasts, indicating a positive outlook for Amazon’s future performance.</p>
<p>The company’s continued growth in AWS and its advertising business will be key areas of focus. AWS is expected to increase sales, potentially signaling a recovery in cloud business spending.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="dividend-possibility-capex-and-share-buybacks">Dividend Possibility, Capex, and Share Buybacks</h3>
<p>Investors and analysts will closely watch several potential developments and areas of interest.</p>
<p>One such area is the possibility of Amazon introducing a dividend, following in the footsteps of tech giants like <a aria-label="Meta (opens in a new tab)" href="https://www.reuters.com/breakingviews/meta-enters-dividend-multiverse-madness-2024-02-08/" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Meta</a> (NASDAQ: META) and Google. However, most analysts consider this unlikely at present.</p>
<p>Another important aspect will be updates on Amazon’s capital expenditures (capex) and any new information regarding <a href="https://tokenist.com/investing/what-is-a-stock-buyback/" rel="noopener noreferrer nofollow" class="deco-link">share buybacks</a>. Given the company’s substantial investments in technology and infrastructure, these details will provide insights into Amazon’s financial strategies and priorities.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><strong><em><strong><em>Do you think Amazon will beat expectations? Let us know in the comments below.</em></strong></em></strong></p>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/amazon-set-to-report-q1-after-market-close-what-to-expect/">Amazon Set to Report Q1 After Market Close, What to Expect</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Amazon Set to Report Q1 After Market Close, What to Expect

Table of Contents

Tokenist

Other articles published on Apr 30, 2024

Indians are including cryptocurrencies in their retirement plans, survey reveals

Solana’s Market Struggles Amid Global Crypto Slowdown

Bitcoin, Ethereum, Dogecoin Closing April With Heavy Losses, Slide Below $60K Causes Over $380M I...

SSV.Network Partners with Ether.Fi for Revolutionary Staking Advancement

PLAY Wallet updated

CoinGecko: Ethereum overtakes Solana by DEX trading volume

Join our free newsletter for daily crypto updates!