) is gearing up to announce its quarterly results this Thursday, capping off a week filled with major corporate earnings reports.
This decline includes a recent drop of over 5% on Wednesday, although the stock maintains a year-to-date gain of approximately 50%. In terms of revenue, the consensus stands at $141.4 billion, reflecting a 5.35% increase compared to the previous quarter and an 11.4% surge year-on-year.However, it's important to remember that the results of the previous quarter strongly surprised on the upside, particularly in terms of EPS.On the other hand, it should be noted that Amazon shares have a mixed record in terms of exceeding expectations over the last 8 quarters.
Indeed, Amazon introduced its generative AI application, called Bedrock, in response to Microsoft's ChatGPT and Google's Bard, which may have helped. Now, an improvement in AWS growth will be seen as a major positive for Amazon shareholders.To prepare for the release of Amazon's results, it's also a good idea to find out what analysts are forecasting for the stock itself.
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