Amazon is scheduled to release earnings after Thursday’s close. The e-commerce giant hit a record high of $2050.50/share in 2018 and is currently trading near $1900/share. The stock is prone to big moves after reporting earnings and can easily gap up if they report strong numbers.
Conversely, if they miss, the stock can easily gap down like it did last quarter. To help you prepare, here is what the Street is expecting:
Amazon is expected to report earnings of $3.98/share on $86 billion in revenue. Meanwhile, the so-called Whisper number is $4.15. The Whisper number is the Street’s unofficial view on earnings.
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Company Profile & Various Businesses:
Here is a very brief company profile:
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores. The company also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, and Echo devices; provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content, as well as offers Echo Flex, a plug-in smart speaker. In addition, it offers programs that enable sellers to sell their products on its Websites, as well as their own branded Websites; and programs that allow authors, musicians, filmmakers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, and other AWS services, as well as compute, storage, database offerings, fulfillment, publishing, digital content subscriptions, advertising, and co-branded credit card agreement services. Additionally, it offers Amazon Prime, a membership program, which provides free shipping of various items; access to streaming of movies and TV episodes; and other services. It serves consumers, sellers, developers, enterprises, and content creators. Amazon.com, Inc. has a strategic partnership with Volkswagen AG. The company was founded in 1994 and is headquartered in Seattle, Washington.
Competition:
Amazon competes with every retailer in the world and several large tech companies such as: Wal-Mart, Target, eBay, Overstock.com, Best Buy, and AliBaba just to name a few.
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