2024

Meta

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<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>
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<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

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