Speaking to Benzinga, Morningstar Analyst RJ Hottovy said that he expects Amazon.com, Inc. AMZN to report Q4 revenue along “the high end of the guidance range.”
Hottovy also thought margins and profitability would be on the high-end as United Parcel Service, Inc. UPS order-flow and other retail indicators “add up to a pretty solid holiday season for Amazon.”
Amazon is expected to report revenue of $29.70 billion with EPS of $0.17, according to analyst estimates.
The company will report Q4 earnings on January 29.
Amazon.com, Inc. closed at $309.66 Monday, down 0.87 percent.
Kevin Riley and Brianna Valleskey contributed to this report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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