Jefferies expects Amazon AMZN to report “strong 1Q results with strength across all segments, with potential upside from Kindle and F/X tailwind, partially offset by Japan exposure.” (Amazon reports 1Q after the close on Tuesday, April 26.)
“We expect $9.4B (+31.3% Y/Y) in revenues and $0.59 in GAAP EPS vs. consensus of $9.5B (+33.5% Y/Y) and $0.61,” Jefferies writes. “Guidance is for $9.1-9.9B in revenues (+28-39% Y/Y). We expect ~$50M in contribution from BuyVip, ~$35M from Woot and ~ $50M hit from Japan. We note that our estimates exclude LoveFilm.”
Amazon closed Thursday at $185.89.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in