Amazon.com Inc (AMZN) Q2 2024 Earnings Report Preview: What To Expect

Article's Main Image

Amazon.com Inc (AMZN, Financial) is set to release its Q2 2024 earnings on Aug 1, 2024. The consensus estimate for Q2 2024 revenue is $148.57 billion, and the earnings are expected to come in at $1.02 per share. The full year 2024's revenue is expected to be $638.62 billion and the earnings are expected to be $4.55 per share. More detailed estimate data can be found here.

Amazon.com Inc (AMZN, Financial) Estimate Trends

Over the past 90 days, revenue estimates for Amazon.com Inc (AMZN) for the full year 2024 have declined from $640.10 billion to $638.62 billion, and for 2025, estimates have decreased from $711.65 billion to $709.21 billion. Conversely, earnings estimates have shown an upward trend, increasing from $4.19 per share to $4.55 per share for the full year 2024, and from $5.37 per share to $5.77 per share for 2025.

Amazon.com Inc (AMZN, Financial) Reported History

In the previous quarter of March 31, 2024, Amazon.com Inc's (AMZN) actual revenue was $143.31 billion, which beat analysts' revenue expectations of $142.50 billion by 0.57%. Amazon.com Inc's (AMZN) actual earnings were $19.60 per share, which beat analysts' earnings expectations of $16.50 per share by 18.81%. After releasing the results, Amazon.com Inc (AMZN) was up by 2.29% in one day.

1818672344206569472.png

Amazon.com Inc (AMZN, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 54 analysts, the average target price for Amazon.com Inc (AMZN) is $223.28 with a high estimate of $250 and a low estimate of $180. The average target implies an upside of 19.3% from the current price of $187.16.

Based on GuruFocus estimates, the estimated GF Value for Amazon.com Inc (AMZN, Financial) in one year is $175.61, suggesting a downside of -6.17% from the current price of $187.16.

Based on the consensus recommendation from 61 brokerage firms, Amazon.com Inc's (AMZN, Financial) average brokerage recommendation is currently 1.7, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

1818672368256708608.png

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.