Amazon Stock ( NASDAQ:AMZN )
Amazon ( NASDAQ:AMZN ) is set to release fourth-quarter 2022 results on February 2. Amazon stock has gained more than 16% year-to-date.
The company anticipates net sales of between $140 billion and $148 billion in the fourth quarter. Net sales are expected to increase 2-8% over the previous quarter’s reported figure.
The Consensus Estimate for net sales is $145.37 billion, representing a 5.8% increase over the prior-year quarter’s reported figure.
The Consensus Estimate for fourth-quarter earnings is 15 cents per share, down 11.8% in the last seven days. Furthermore, the figure indicates an 89.2% decrease from the previous quarter’s reported figure.
Earnings exceeded the Consensus Estimate in one of the previous four quarters, but missed it three times, with the average being 129.9%.
Momentum Driven by the Holidays, Prime, Retail, and Streaming
The company’s strong holiday performance, supported by strong holiday initiatives, is expected to have contributed significantly to top-line growth. Notably, during the recent holiday season, its selling partners experienced record-breaking sales.
Amazon’s expanding distribution network, Prime-enabled fast delivery, and robust grocery services are expected to help its online retail business perform well in the fourth quarter.
The Prime Free One Day service, Amazon Fresh, and Whole Foods Market’s robust two-hour delivery service of natural and organic products such as meat and seafood, fresh produce, and staples are expected to have continued driving customer momentum in the current quarter.
Its expansion of...
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