Amazon's Earnings Estimate Rises 0.5%

Amazon's earnings estimate for the current year has seen an increase of 0.5% over the past month, reaching $4.08. This increase is attributed to analysts' growing optimism about the company's earnings prospects, as indicated by their agreement in revising the Earnings Per Share (EPS) estimates higher.

Over the past four weeks, Amazon's shares have risen by 1.2%. In the last 60 days, 15 analysts have revised their earnings estimate upwards, and the estimate has increased by $0.41 to $4.08 per share. Amazon has an average earnings surprise of 51%.

Historically, Amazon has consistently exceeded earnings estimates, with an average surprise of 35.62% in the past two quarters.

For the upcoming financial results, Amazon's EPS is projected at $0.81, signifying a 161.29% increase compared to the same quarter of the previous year. The latest estimate is calling for revenue of $142.42 billion, up 11.83% from the prior-year quarter. For the full year, analysts are expecting earnings of $4.08 per share and revenue of $641.36 billion, marking changes of +40.69% and +11.58%, respectively, from last year.