Amazon will be the latest Magnificent Seven company to report earnings this week, with the e-commerce giant’s results due on Wednesday after the closing bell.
As analysts noted in their pre-earnings takes, Amazon has lagged behind most of its mega-cap tech peers for much of the past year. Yet, despite the lackluster performance, many investment banks are optimistic that the company will reveal fresh growth from Amazon Web Services (AWS) and provide key AI updates.
Wall Street expects Amazon tp post earnings-per-share of $1.96 for the quarter and revenue of $211.2 billion to $211.56 billion. Analysts anticipate that Amazon’s earnings before interest and taxes will be $24.6 billion.
Here’s what analysts say they will be listening for on Amazon’s earnings call.
Bank of America: AWS growth to accelerate
BofA analyst Justin Post expects Amazon to come in slightly above Wall Street estimates on key metrics, predicting revenue of $213 billion and EBIT of $26…
