'Gaining share': Here's what Wall Street expects from Amazon's 2nd-quarter earnings

Category: Business

Amazon is expected to report strong second-quarter earnings, with analysts predicting adjusted earnings per share of $1.47 and revenue of $148.78 billion. Key areas of focus include the performance of its AWS cloud business, Prime Day sales, and advertising growth. Bank of America and Citi anticipate solid results, while Goldman Sachs highlights consumer health and AWS revenue trajectory as critical factors. Overall, analysts maintain a positive outlook on Amazon's stock, with price targets ranging from $220 to $240.

Keywords: Amazon, Earnings Report, AWS

Source: Business Insider

Update At: 8/2/2024

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