Amazon (NASDAQ: AMZN) is scheduled to report its fiscal Q1 2023 results on Thursday, April 27, 2023 (after market close). We expect Amazon
AMZN
to top the consensus estimates of earnings and revenues. The company outperformed the street expectations in the last quarter, with net revenues increasing by 9% to $149.2 billion. It was due to a 13% rise in North America revenues and a 20% improvement in the Amazon web services segment. That said, the positive impact was partially offset by an 8% drop in international division revenues. We expect the Q1 result to be on similar lines.
Our forecast indicates that Amazon’s valuation is $134 per share, which is 31% above the current market price of around $103. Our interactive dashboard analysis on Amazon’s Earnings Preview has more details.
Subscribe
Gain access to all our Premium contents.
More than 100+ articles.
Buy Article
Unlock this article and gain permanent access to read it.