October 26, 2017
Corrected the Time, Revenues and Earnings
Amazon (AMZN: $977)
Bull Market Report Target Price: $1,100
Bull Market Report Sell Price: $900
Earnings Date: Thursday, 5:30 PM ET
Consensus: 3Q17
Revenues: $42 billion
EPS: $0.03
Year Ago Quarter Results
Revenues: $33 billion
EPS: $0.52
Key Things to Watch For in the Quarter
Amazon is expected to report a 27% increase in sales and a 94% decrease in earnings per share for 3Q17. We expect this large reduction in EPS is from the company’s increased spending on R&D, which should pay off with large revenue increases down the road. Despite having only beaten estimates in two of the past four quarters, the stock is still up 17% since last year. In each of the two quarters it missed, the stock pulled back no more than 5% and provided investors with an entry opportunity. With the firm’s continued domination of e-commerce, we remain bullish on Amazon here at The Bull Market Report.
