Wall Avenue analysts on Amazon’s first quarter earnings

Amazon.com supply vehicles in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Pictures Wall Avenue analysts say Amazon is shaping as much as be a post-pandemic winner when it reviews first-quarter earnings on Thursday after the bell. Amidst report income, surging gross sales and subscriber progress, the momentum


Amazon.com supply vehicles in Richmond, California, U.S., on Tuesday, Oct. 13, 2020.

David Paul Morris | Bloomberg | Getty Pictures

Wall Avenue analysts say Amazon is shaping as much as be a post-pandemic winner when it reviews first-quarter earnings on Thursday after the bell.

Amidst report income, surging gross sales and subscriber progress, the momentum shouldn’t be prone to gradual regardless of the reopening, analysts say.

Nonetheless, shareholders are in search of that subsequent catalyst to maneuver shares greater with the refill 6% this yr, in comparison with the Nasdaq Composite, which is up simply over 9%.

The corporate’s cloud enterprise, Amazon Internet Companies, stays a prime performer. Nonetheless, questions stay.

Different commentary to observe for contains information concerning the upcoming Prime Day date, in addition to the CEO transition introduced earlier this yr.

This is what analysts count on from Amazon earnings:



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