ASOMF - Amazon Prime Day Is Set To Boost Q3 Earnings Growth
- Amazon gained a significant amount of new Prime members, and enough time to analyze the data to discover which types of promotions will entice shoppers to open up their wallets on Prime Day.
- The consensus for Amazon's Q4 2020 EPS, including Prime sales, is $8.87, which is a 37.1% growth from the $6.47 reported in Q4 2019.
- The Predicted Surprise for Amazon is 3.45%, suggesting the retailer is likely to beat the $8.87 earnings expectations and post a positive surprise.
- Total U.S. e-commerce sales for the first half of 2020 were $371.9 billion, an increase of 30 percent from the first half of 2019.
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Amazon Prime Day Is Set To Boost Q3 Earnings Growth