Amazon: Wedbush expects 'solid' results
(CercleFinance.com) - Wedbush has confirmed its "outperform" rating on the Amazon share, along with its 12-month target price of 2,000 dollars, before the US online retail giant reports its Q4 results on Thursday evening.
The broker expects "Solid Q4 Results Reflecting Happy Holidays," forecasting EPS of 5.04 dollars and revenues of 85.7 billion dollars, against the consensus of 4.04 dollars and 85.9 billion dollars respectively.
"Amazon can deliver substantial earnings over the long term by growing spending more slowly than revenues," Wedbush said, which expects that the group posts above-consensus targets for the first quarter of 2020.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker expects "Solid Q4 Results Reflecting Happy Holidays," forecasting EPS of 5.04 dollars and revenues of 85.7 billion dollars, against the consensus of 4.04 dollars and 85.9 billion dollars respectively.
"Amazon can deliver substantial earnings over the long term by growing spending more slowly than revenues," Wedbush said, which expects that the group posts above-consensus targets for the first quarter of 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.