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2023-10-22

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Amazon Earnings Preview: Keep An Eye On AWS And Revenue Growth

Amazon's 3Q results are likely to focus on the pace of recovery in the AWS business, which saw stabilizing gains last quarter.Amazon will report its third quarter 2023 financial results after the US m

Amazon Earnings Preview: Keep An Eye On AWS And Revenue Growth

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The tech giant&#39;s previous earnings release was a surprising outperformance and investors want more of the same.</p><p>Key metrics to watch in Amazon&#39;s upcoming earnings release include revenue growth, AWS revenue, advertising revenue, operating income and diluted earnings per share (EPS).</p><h2 id=\"id_2079750492\" style=\"text-align: start;\">Q2 Review</h2><p>Amazon reported second-quarter earnings that sailed past analysts’ estimates and issued guidance that points to accelerating revenue growth.</p><ul style=\"\"><li><p><strong>EPS:</strong> 65 cents vs. 35 cents expected, according to analysts surveyed by Refinitiv</p></li><li><p><strong>Revenue:</strong> $134.4 billion vs. $131.5 billion expected, according to analysts surveyed by Refinitiv</p></li><li><p><strong>Amazon Web Services: </strong>$22.1 billion vs. $21.8 billion in revenue, according to StreetAccount</p></li><li><p><strong>Advertising: </strong>$10.7 billion vs. $10.4 billion in revenue, according to StreetAccount</p></li></ul><p style=\"text-align: start;\">It was Amazon’s biggest earnings beat since its report for the fourth quarter of 2020. The blowout profit indicates that CEO Andy Jassy’s ongoing cost-cutting efforts are beginning to bear fruit.</p><h2 id=\"id_1634771525\" style=\"text-align: start;\">What to expect in Q3</h2><p>Amazon.com&#39;s 3Q results may register in line with consensus for a low-double-digit sales gain, with the focus likely staying on the pace of recovery in the AWS business, which saw stabilizing gains last quarter. Bloomberg don&#39;t see cloud momentum accelerating materially until mid-next year and continue to estimate low-double-digit gains in 2H. In 3Q, currency-neutral AWS sales may grow 12.5%. </p><p>On the retail side, the normalization of online shopping trends should pave the way, with year-over-year gains as third-party sales continue to outpace first-party. </p><p>Advertising revenue may continue to grow at a 20%-plus clip as Amazon takes market share given its more than 200 million global prime subscribers.</p><h3 id=\"id_671332358\" style=\"text-align: start;\">Revenue Growth</h3><p style=\"text-align: start;\">Amazon is a growth stock, so Wall Street expects double-digit, year-over-year revenue increases. Without that ongoing growth performance, investors will be less willing to spend the premium required to buy AMZN.</p><p style=\"text-align: start;\">Note that the stock currently trades at a P/E ratio of 105, which is Amazon&#39;s highest P/E since 2017.</p><h3 id=\"id_1502091691\" style=\"text-align: start;\">AWS Revenue</h3><p style=\"text-align: start;\">AWS is Amazon&#39;s cloud computing business. The segment has historically been fast-growing and very profitable.</p><p style=\"text-align: start;\">A year and a half ago, in the first quarter of 2022, Amazon delivered quarter-over-quarter AWS revenue growth of 37%, excluding foreign exchange impacts. Unfortunately, the growth has fallen every quarter since. Last quarter, AWS revenue grew just 12%. Investors are craving a return to AWS&#39; former growth rates.</p><h3 id=\"id_4008152338\" style=\"text-align: start;\">Advertising Revenue</h3><p style=\"text-align: start;\">Advertising is an up-and-coming growth engine for Amazon. In recent quarters, Amazon&#39;s advertising revenue growth has exceeded 20%. That outpaces advertising rivals Google and Facebook.</p><h3 id=\"id_2706149419\">Analyst opinion</h3><p>Analysts have differing opinions on Amazon&#39;s upcoming financial report.</p><p>UBS&#39;s Lloyd Walmsley lowered their price target on Amazon by 1.1% from $180 to $178 on 2023/10/17. The analyst maintained their Strong Buy rating on the stock. In a preview of Amazon&#39;s Q3 2023 earnings, Walmsley highlighted potential near-term headwinds. This comes as UBS&#39;s research indicates that cloud expenditure in September 2023 was tougher than anticipated. Despite these challenges, Walmsley remains optimistic about the company&#39;s prospects.</p><p>While Wedbush said Amazon&#39;s earnings next week will be better than investors fear. Analysts Scott Devitt reiterated their Buy rating on Amazon. The analyst also maintained a $180 price target. “We think the company is broadly better positioned than investors fear, and we see catalysts ahead as retail margins continue to rise and AWS growth accelerates against easing comps.”</p><h2 id=\"id_1049724714\" style=\"text-align: start;\">Q3 Forecast by Bloomberg</h2><ul style=\"\"><li><p>Earnings Per Share: $0.847</p></li><li><p>Revenue: $141.53 billion</p></li><li><p>Net Income: $9.43 billion</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b72c75cd51ac501b2f30718ac1392c4\" alt=\"Source: Bloomberg\" title=\"Source: Bloomberg\" tg-width=\"1082\" tg-height=\"368\"/><span>Source: Bloomberg</span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Earnings Preview: Keep An Eye On AWS And Revenue Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Earnings Preview: Keep An Eye On AWS And Revenue Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-10-22 12:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>Amazon&#39;s 3Q results are likely to focus on the pace of recovery in the AWS business, which saw stabilizing gains last quarter.</p></blockquote><p>Amazon will report its third quarter 2023 financial results after the US markets close on 26 October. The tech giant&#39;s previous earnings release was a surprising outperformance and investors want more of the same.</p><p>Key metrics to watch in Amazon&#39;s upcoming earnings release include revenue growth, AWS revenue, advertising revenue, operating income and diluted earnings per share (EPS).</p><h2 id=\"id_2079750492\" style=\"text-align: start;\">Q2 Review</h2><p>Amazon reported second-quarter earnings that sailed past analysts’ estimates and issued guidance that points to accelerating revenue growth.</p><ul style=\"\"><li><p><strong>EPS:</strong> 65 cents vs. 35 cents expected, according to analysts surveyed by Refinitiv</p></li><li><p><strong>Revenue:</strong> $134.4 billion vs. $131.5 billion expected, according to analysts surveyed by Refinitiv</p></li><li><p><strong>Amazon Web Services: </strong>$22.1 billion vs. $21.8 billion in revenue, according to StreetAccount</p></li><li><p><strong>Advertising: </strong>$10.7 billion vs. $10.4 billion in revenue, according to StreetAccount</p></li></ul><p style=\"text-align: start;\">It was Amazon’s biggest earnings beat since its report for the fourth quarter of 2020. The blowout profit indicates that CEO Andy Jassy’s ongoing cost-cutting efforts are beginning to bear fruit.</p><h2 id=\"id_1634771525\" style=\"text-align: start;\">What to expect in Q3</h2><p>Amazon.com&#39;s 3Q results may register in line with consensus for a low-double-digit sales gain, with the focus likely staying on the pace of recovery in the AWS business, which saw stabilizing gains last quarter. Bloomberg don&#39;t see cloud momentum accelerating materially until mid-next year and continue to estimate low-double-digit gains in 2H. In 3Q, currency-neutral AWS sales may grow 12.5%. </p><p>On the retail side, the normalization of online shopping trends should pave the way, with year-over-year gains as third-party sales continue to outpace first-party. </p><p>Advertising revenue may continue to grow at a 20%-plus clip as Amazon takes market share given its more than 200 million global prime subscribers.</p><h3 id=\"id_671332358\" style=\"text-align: start;\">Revenue Growth</h3><p style=\"text-align: start;\">Amazon is a growth stock, so Wall Street expects double-digit, year-over-year revenue increases. Without that ongoing growth performance, investors will be less willing to spend the premium required to buy AMZN.</p><p style=\"text-align: start;\">Note that the stock currently trades at a P/E ratio of 105, which is Amazon&#39;s highest P/E since 2017.</p><h3 id=\"id_1502091691\" style=\"text-align: start;\">AWS Revenue</h3><p style=\"text-align: start;\">AWS is Amazon&#39;s cloud computing business. The segment has historically been fast-growing and very profitable.</p><p style=\"text-align: start;\">A year and a half ago, in the first quarter of 2022, Amazon delivered quarter-over-quarter AWS revenue growth of 37%, excluding foreign exchange impacts. Unfortunately, the growth has fallen every quarter since. Last quarter, AWS revenue grew just 12%. Investors are craving a return to AWS&#39; former growth rates.</p><h3 id=\"id_4008152338\" style=\"text-align: start;\">Advertising Revenue</h3><p style=\"text-align: start;\">Advertising is an up-and-coming growth engine for Amazon. In recent quarters, Amazon&#39;s advertising revenue growth has exceeded 20%. That outpaces advertising rivals Google and Facebook.</p><h3 id=\"id_2706149419\">Analyst opinion</h3><p>Analysts have differing opinions on Amazon&#39;s upcoming financial report.</p><p>UBS&#39;s Lloyd Walmsley lowered their price target on Amazon by 1.1% from $180 to $178 on 2023/10/17. The analyst maintained their Strong Buy rating on the stock. In a preview of Amazon&#39;s Q3 2023 earnings, Walmsley highlighted potential near-term headwinds. This comes as UBS&#39;s research indicates that cloud expenditure in September 2023 was tougher than anticipated. Despite these challenges, Walmsley remains optimistic about the company&#39;s prospects.</p><p>While Wedbush said Amazon&#39;s earnings next week will be better than investors fear. Analysts Scott Devitt reiterated their Buy rating on Amazon. The analyst also maintained a $180 price target. “We think the company is broadly better positioned than investors fear, and we see catalysts ahead as retail margins continue to rise and AWS growth accelerates against easing comps.”</p><h2 id=\"id_1049724714\" style=\"text-align: start;\">Q3 Forecast by Bloomberg</h2><ul style=\"\"><li><p>Earnings Per Share: $0.847</p></li><li><p>Revenue: $141.53 billion</p></li><li><p>Net Income: $9.43 billion</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b72c75cd51ac501b2f30718ac1392c4\" alt=\"Source: Bloomberg\" title=\"Source: Bloomberg\" tg-width=\"1082\" tg-height=\"368\"/><span>Source: Bloomberg</span></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116364908","content_text":"Amazon's 3Q results are likely to focus on the pace of recovery in the AWS business, which saw stabilizing gains last quarter.Amazon will report its third quarter 2023 financial results after the US markets close on 26 October. The tech giant's previous earnings release was a surprising outperformance and investors want more of the same.Key metrics to watch in Amazon's upcoming earnings release include revenue growth, AWS revenue, advertising revenue, operating income and diluted earnings per share (EPS).Q2 ReviewAmazon reported second-quarter earnings that sailed past analysts’ estimates and issued guidance that points to accelerating revenue growth.EPS: 65 cents vs. 35 cents expected, according to analysts surveyed by RefinitivRevenue: $134.4 billion vs. $131.5 billion expected, according to analysts surveyed by RefinitivAmazon Web Services: $22.1 billion vs. $21.8 billion in revenue, according to StreetAccountAdvertising: $10.7 billion vs. $10.4 billion in revenue, according to StreetAccountIt was Amazon’s biggest earnings beat since its report for the fourth quarter of 2020. The blowout profit indicates that CEO Andy Jassy’s ongoing cost-cutting efforts are beginning to bear fruit.What to expect in Q3Amazon.com's 3Q results may register in line with consensus for a low-double-digit sales gain, with the focus likely staying on the pace of recovery in the AWS business, which saw stabilizing gains last quarter. Bloomberg don't see cloud momentum accelerating materially until mid-next year and continue to estimate low-double-digit gains in 2H. In 3Q, currency-neutral AWS sales may grow 12.5%. On the retail side, the normalization of online shopping trends should pave the way, with year-over-year gains as third-party sales continue to outpace first-party. Advertising revenue may continue to grow at a 20%-plus clip as Amazon takes market share given its more than 200 million global prime subscribers.Revenue GrowthAmazon is a growth stock, so Wall Street expects double-digit, year-over-year revenue increases. Without that ongoing growth performance, investors will be less willing to spend the premium required to buy AMZN.Note that the stock currently trades at a P/E ratio of 105, which is Amazon's highest P/E since 2017.AWS RevenueAWS is Amazon's cloud computing business. The segment has historically been fast-growing and very profitable.A year and a half ago, in the first quarter of 2022, Amazon delivered quarter-over-quarter AWS revenue growth of 37%, excluding foreign exchange impacts. Unfortunately, the growth has fallen every quarter since. Last quarter, AWS revenue grew just 12%. Investors are craving a return to AWS' former growth rates.Advertising RevenueAdvertising is an up-and-coming growth engine for Amazon. In recent quarters, Amazon's advertising revenue growth has exceeded 20%. That outpaces advertising rivals Google and Facebook.Analyst opinionAnalysts have differing opinions on Amazon's upcoming financial report.UBS's Lloyd Walmsley lowered their price target on Amazon by 1.1% from $180 to $178 on 2023/10/17. The analyst maintained their Strong Buy rating on the stock. In a preview of Amazon's Q3 2023 earnings, Walmsley highlighted potential near-term headwinds. This comes as UBS's research indicates that cloud expenditure in September 2023 was tougher than anticipated. Despite these challenges, Walmsley remains optimistic about the company's prospects.While Wedbush said Amazon's earnings next week will be better than investors fear. Analysts Scott Devitt reiterated their Buy rating on Amazon. The analyst also maintained a $180 price target. “We think the company is broadly better positioned than investors fear, and we see catalysts ahead as retail margins continue to rise and AWS growth accelerates against easing comps.”Q3 Forecast by BloombergEarnings Per Share: $0.847Revenue: $141.53 billionNet Income: $9.43 billionSource: Bloomberg","news_type":1},"isVote":1,"tweetType":1,"viewCount":159,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":36,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}