EveryTimeICash

View Original

Jungle Book (AMZN Earnings)

Amazon (AMZN) is set to report its Q2 earnings today after the close of the market.

The company is expected to report earnings per share of $0.35, up from a loss of $0.20 a year ago. Revenue is expected to grow 8.5% year-over-year to $131.49 billion.

AMZN typically guides for revenue and operating income for the next quarter, but not EPS. So, investors will be paying close attention to the operating income guidance. AMZN previously guided to Q2 operating income of $2.0-5.5 billion.

Last quarter, Amazon's headline numbers were great with EPS and revenue upside.

Operating income was nicely above prior guidance. However, investors got concerned when Amazon said that macro issues were continuing to drive cautious spending among consumers. Customers are looking to stretch their budgets and are moderating their spending on discretionary categories and focusing more on lower-priced items.

See this form in the original post

TECHS:

The stock has leveled off this summer, which could mean some upside is possible if the numbers are good.


If you liked this content please click the ❤️ below and/or share this post.

SHAMLESS PLUGS

CLICK HERE TO CHECK OUT MY 2022 PREVIEW OPINION PACKET. OVER 80 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.

TOTALLY FREE Trading Packet!

Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.

This packet will explain to you in depth how I trade and how I manage my risk.

I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.

Check out the latest episodes on my YouTube above.