Amazon share price: what to expect from Q1 results
The ecommerce giant has to address these issues in its Q1 earnings report.
When is Amazon’s results date?
Amazon’s results date is April 25.
Amazon’s results preview: what does the company expect?
Though the online retail giant had record profits in Q4 2018, Amazon’s Q1 revenue was projected to be between $56-$60 billion. That’s less than the $60.8 billion expected from Wall Street. The company offered weak guidance for Amazon’s Q1 profits because of higher wages for workers, expansion of cloud services, and opening of grocery stores. Amazon’s operating income is projected to be between $2.3-$3.3 billion, a surge of 21-74% year-over-year.
Amazon chief executive officer,(CEO), Jeff Bezos, spoke about how he wants Amazon to revolutionise grocery shopping in the US with Amazon Go cashierless stores.
‘We represent a low single-digit percentage of the retail market, and there are much larger retailers in every country where we operate. And that’s largely because nearly 90% of retail remains offline, in brick and mortar stores. With Amazon Go, we had a clear vision. Get rid of the worst thing about physical retail: checkout lines. No one likes to wait in line. Instead, we imagined a store where you could walk in, pick up what you wanted, and leave,’ said Bezos.
How to trade Amazon Q1 results
Even though Amazon’s Q1 earnings guidance fell below Wall Street expectations, analysts like Zack’s Equity Research still consider Amazon stock a buy. Amazon share price has survived the bad publicity of Bezos’ recent divorce, so financial experts predict that Amazon’s Q1 revenue will continue to be strong on the strength of its online sales and Amazon Web Services.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets