Amazon (AMZN) Surpasses Q4 Earnings and Revenue Estimates
Amazon (AMZN - Free Report) came out with quarterly earnings of $6.04 per share, beating the Zacks Consensus Estimate of $5.55 per share. This compares to earnings of $2.16 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 8.83%. A quarter ago, it was expected that this online retailer would post earnings of $3.29 per share when it actually produced earnings of $5.75, delivering a surprise of 74.77%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Amazon, which belongs to the Zacks Internet - Commerce industry, posted revenues of $72.38 billion for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $60.45 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Amazon shares have added about 11.2% since the beginning of the year versus the S&P 500's gain of 7%.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $4.75 on $61.19 billion in revenues for the coming quarter and $26.75 on $280.07 billion in revenues for the current fiscal year.
AMZN
1,634.23 -84.50 (-4.92%)
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Except Zack's forgot to include the horrible guidance going forward that projects the worst rev. growth since 2001
cap 1
https://www.zacks.com/stock/news/351345/amazon-amzn-surpasses-q4-earnings-and-revenue-estimates