is estimated to report earnings on 04/23/2020.
The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates.
Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date.
What time do earnings reports come out?
Earnings season is the period of time during which a large number of publicly traded companies release their quarterly earning reports. In general, each earnings season begins one or two weeks after the last month of each quarter (December, March, June, and September).
Is Amazon expected to beat earnings?
Amazon absolutely shattered expectations with its Q4 2019 earnings report. Analysts had expected a drop from last year’s Q4 EPS of $6.18 to a little over $4. However, Amazon instead delivered an EPS of $6.47. Earnings beats are common, but ones of this size are harder to find.
What can I expect from Amazon earnings?
In Q1 ended March, analysts expect Amazon to report that earning per share rose by 41% to $4.61 from $3.27 a year earlier, per Nasdaq data. Amazon guided for revenue between $56 billion and $60 billion in Q1, and for operating income of $2.3 billion to $3.3 billion, representing growth of 21% to $74% YOY.
How long is an earnings call?
Once an initial earnings press release and 8-K SEC filing are made public, companies have 48 hours to hold an earnings call without an obligation to separately report the call to the SEC.
Why do stocks drop after good earnings?
Earnings Reports. When a company releases an earnings report, a fundamental reaction is often the most common. As such, good earnings that miss expectations can result in a downgrade of value. If a firm issues an earnings report that does not meet Street expectations, the stock’s price will usually drop.
Will Amazon beat earnings 2020?
Wall Street expects a year-over-year decline in earnings on higher revenues when Amazon (AMZN) reports results for the quarter ended December 2019. The earnings report, which is expected to be released on January 30, 2020, might help the stock move higher if these key numbers are better than expectations.
Should I buy Amazon stock?
Amazon stock remains a good buy, as we’ll get to. However, there are two caveats: Only investors who are long-term focused should consider buying shares. Investors should build their full position by dollar-cost averaging — investing the same dollar amount at some set time interval, such as quarterly.
Will Amazon grow?
With more than a million active customers, Amazon Web Services (AWS) is a leader in cloud computing. Gartner estimates that the worldwide public cloud services market is forecast to grow 17% in 2020 to total $266.4 billion, and further reach 354.6 billion by 2022. During 2019, AWS sales increased 37% vis-à-vis 2018.