Amazon (AMZN) Earnings. Option Implied Move Hints At Price Volatility Post Earnings.
@nerdbull1669:
$Amazon.com(AMZN)$ is scheduled to release its Q3 2023 earnings result on 26 Oct after market close. Market is expecting consensus estimate of $0.59 compared to $0.28 a year ago same quarter period. Amazon (AMZN) Past EPS Estimate (Forecast vs Actual) Amazon Q3 guidance predicts optimistic revenue and profit numbers, but potential challenges include higher gasoline prices and falling inflation. What would remain to be seen is the Q4 guidance as it remains an unpredictable factor that will steer the market's response. From my perspective, the existing expectations may be somewhat elevated. Amazon (AMZN) Historical Moves Ahead of Earnings AMZN historically moved higher heading into earnings more often than not. On average, the stock gained 2.8% for