Analyst Predicts Strong Holiday Q4 Report From Amazon; Cautions on Q1 Outlook
Amazon’s Q4 earnings results, to be announced Thursday, are expected to reflect “happy holidays” but a cautious Q1 outlook, Wedbush analyst Michael Pachter wrote investors Tuesday. Pachter forecasts Amazon’s Q4 revenue at $85.7 billion, at the high end of its…
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guidance range. Amazon appears positioned to deliver a strong quarter in sales, with its "best-ever Black Friday, Cyber Monday becoming the biggest shopping day in company history, and its customers shopping at ‘record levels’ over the holiday season,” he said. The analyst’s Q1 estimates include revenue of $71.7 billion, with year-over-year profitability improving as Amazon "laps the increases in shipping spending seen in 2019.”