Now, amid the COVID-19 pandemic, the company will be spending heavily on employee safety, which will drive operating costs higher. This includes personalizing content and advertising. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Amazon sales expected to grow 27.3% in Q2. The results also, © 2020 AlphaStreet Inc. All Rights Reserved. Walgreens Boots Alliance, Inc Q4 earnings: Infographic, Taiwan Semiconductor (TSM) Earnings: 3Q20 Key Numbers, Earnings: United Airlines (UAL) posts wider-than-expected Q3 loss; stock drops. Corporate Participants: Dave Fildes — Director of Investor Relations. Amazon stock’s valuation is sky-high and may warrant a pullback. AmazonFresh Pickup, which allows a customer to order groceries online and collect them from a store nearby and Amazon Go, its first brick-and mortar grocery store, helped in garnering a strong band of customers. Comparatively, analysts expect company sales to rise by 23.7% to $347 billion in fiscal 2020 and EPS to fall 18% to $18.9. Categories like fashion and electronics likely saw softer sales, dampening the overall growth rate. Keep your head up. Is Jeff aware of how profitable the company is becoming? To learn more, click here. July 28, 2020. The level of disruption made me realize how thin they keep their inventory (typically 2-3 weeks of cover, and often less for tail assortment.) How did they do this? The monthly returns are then compounded to arrive at the annual return. This has ultimately boosted the number of Prime memberships as well, especially during the pandemic. You definitely don’t want Amazon to surprise you! However, its earnings are estimated to slump 74% to $1.34 per share. Too much information and not sure what to do? Analysts tracking Amazon stock expect the company to post sales of $80.72 billion in the second quarter of 2020, indicating a year-over-year growth rate of 27.3%. This is also how you, brand manufacturers and sellers, will win. Manaswita Ghosh Dutta Right now, investors in these companies have a shot at serious profits. Q2 2020 Amazon.com, Inc. Earnings Conference Call. If you do not, click Cancel. The consensus EPS Estimate is $1.62 (-69.0% Y A slew of factors supported the company’s gigantic scale of businesses around the world in second-quarter 2020. But how much volume? According to Jeff Bezos in the Amazon earnings press release, “Lastly, even in this unpredictable time, we injected significant money into the economy this quarter, investing over $9 billion in capital projects, including fulfillment, transportation, and AWS.”. They’re doing their own COVID testing. by Andrea Leigh | Jul 31, 2020 | Amazon Insights, Articles | 0 comments. However, Amazon earnings show they managed to deliver 7x those expectations! Analysts tracking Amazon stock expect the company to post sales of $80.72 billion in the second quarter of 2020, indicating a year-over-year growth rate of 27.3%. Yet, they spent over $4B on COVID-related expenses, such as protective equipment, cleaning, safety protocols, additional family care benefits, and a $500M employee thank you bonus, among other things. In case the company misses EPS forecasts in Q2, Amazon stock might trade lower but it will be just a matter of time before it regains lost ground. Also, the current coronavirus pandemic is crowding out any news about Amazon’s expansion activities. Also, Amazon’s going to run out of space (for real) in Q4. The earnings season is almost here and investors will be waiting to see the performance of several companies in what could be the worst quarter in decades. Comparatively, the S&P 500 is up 187% while the Technology Select Sector ETF (XLK) has returned 386% since July 2010. Do they really need that extra 50 bps of co-op improvement? Amazon.com, Inc. (AMZN) Q2 2020 Earnings Call Transcript. Amazon Earnings: AMZN Stock Jumps 5% on Strong Q2 Performance AMZN EPS and revenue beat out analysts' estimates By William White , InvestorPlace Writer Jul 30, 2020, 4:43 pm EDT July 30, 2020 Amazon’s services such as drive-in-grocery delivery and cashier-less stores also boosted demand. Third, Amazon’s AI devices — to be precise the Alexa powered Echo devices — also helped the company market a wide range of smart home products and services. Finding ways to thrive, versus just survive, will put you ahead of your competitors as we adjust to the New Normal. Amazon is trading at a market cap of $1.6 trillion and may the first company to reach a $2 trillion valuation. They’re moving forward with international expansion. Do you wonder why they’re keeping that under the radar for now? Amazon.com, Inc. AMZN is scheduled to report second-quarter 2020 earnings after market close on Jul 30. And at what cost? Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. In fact, as retail shops and malls have shut down, people have turned to online platforms to satisfy their shopping urges and accelerated the e-commerce trend. America’s e-commerce retail giant Amazon.com Inc (NASDAQ: AMZN) continues with its winning streak for the second quarter of 2020. Amazon earnings release show that net income came in at $5.2B, up 107% Y/Y. ... Jul 30, 2020 3:33 PM EDT Original: Jul 30, 2020. Amazon reported its second-quarter results after the closing bell on Thursday, trouncing earnings expectations and reporting double-digit revenue growth year over year. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. No one asked Amazon anything about their foray into healthcare, and Amazon didn’t mention it. Amazon Prime’s same-day and next-day delivery of products clearly hit a sweet spot with customers. They made more overall profit (which makes sense, because they had more sales), but also a higher profit margin. Q2 2020 Earnings and Revenue Expectations The Zacks Consensus Estimate for Amazon’s second-quarter2020 earnings is $1.75per share, indicating a year-over-year decline of 66.5%. Privacy Policy | No cost, no obligation to buy anything ever. The growing number of customers that took to ordering their essential products online in the United States and abroad really boosted Amazon’s customer pool during the said months. Net income rose nearly 36% to $4.6 billion, or $0.90 per share, United Airlines Holdings, Inc.  (NASDAQ: UAL) slipped to a loss in the third quarter of 2020 from a profit last year as the COVID-related disruption continued to impact operations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Apart from shopping, Amazon Prime allows customers to access Prime Video, which is its streaming media service, exclusive shopping deals and free access to Prime Reading’s library of more than a thousand e-books and magazines. However, its earnings are estimated to slump 74% to $1.34 per share. Throughout the end of Q1 and much of Q2, Amazon struggled operationally. Keep reading, stay curious, and continue to dig. What’s behind Apple stock’s 25% rally in 2020? We use cookies to understand how you use our site and to improve your experience. Since the COVID-19 pandemic began, many of us are shopping on Amazon more than ever. Second, the company also gained from its wide range of cloud-based infrastructure and services. Revenues increased 29.2% year-over-year to $12.14 billion. TheStreet and RealMoney tech columnist Eric Jhonsa is live blogging Amazon… Real time prices by BATS. For 32 years, our Strong Buy list has averaged returns more than twice the market. Given the online shopping trends and the company’s several marketing strategies to expand their customer base, one may expect Amazon to beat the estimates in the said quarter. This is a favorable combination for predicting an earnings beat this time around. Amazon (NASDAQ:AMZN) is scheduled to announce Q2 earnings results on Thursday, July 30th, after market close. AMZN Earnings Call - Final Transcript. Amazon’s shares soared 50.9% in the said quarter, easily outperforming the broader S&P 500 Index’s rise of 25.7%. According to Brian Olsavsky, Amazon’s CFO, “Online grocery sales tripled year-over-year.”. The increasing customer base of Amazon Web Services is driven by not only the varied cloud services but also the industries it caters to. They’re listening to and learning from us using our Alexa. What’s incredible is that an additional 14 points of sales growth (vs. previous quarter’s run rate) created that much disruption at Amazon. A recent pick, Maxar, skyrocketed +178.7% in 3 months. Keep focused on your long-term initiatives. Delayed quotes by Sungard. Finally, the Zacks Consensus Estimate for Amazon’s current-year earnings has moved 2.8% north in the past 60 days. My Amazon Echo pings all day with deliveries for my family of five. However, some categories saw huge spikes. The company’s share price performance in the quarter ended June gives a glimpse of its growth. Amazon.com, Inc. (AMZN - Free Report) is scheduled to report second-quarter 2020 earnings after market close on Jul 30.

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