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- Regional 1P and 3P gross merchandise value forecasts.
- Square footage based fulfillment expenses.
- Rebuilt Prime and unearned forecast.
- Seller Advertising forecast.
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The net result of changes consists of a higher than previously expected EBITDA and pro forma earnings per share in 2018 from $25.5067 billion to $25.54 billion, the analyst continued. In fact, the revision also marks the first time in nearly three quarters where Ju's profitability estimate moves higher rather than lower, as the company is heavily investing in content, fulfillment centers and data centers.
"As we have noted previously the strategic and product-driven rationale behind these should already be well-familiar to investors," Ju explained. "And as far as we are concerned, this push to invest should serve as a positive demand indicators across its consumer and enterprise-facing businesses."
Finally, the analyst's long-term investment thesis on Amazon remains unchanged and includes:
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.