Market Overview

Morningstar's RJ Hottovy Previews Amazon's Q4 Earnings

Related AMZN
Analyst Says Amazon Is Now An 'Essential' Portfolio Holding
Bisnow Zooms In On Detroit Development: 'It's Cooler Today To Be A Detroiter Than A New Yorker'
Walmart's Moat in the US Grocery Market (GuruFocus)

Speaking to Benzinga, Morningstar analyst RJ Hottovy said that he expects, Inc. (NASDAQ: 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. (NYSE: 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 closed Monday at $309.66, down 0.87 percent.

Kevin Riley and Brianna Valleskey contributed to this report.

Latest Ratings for AMZN

Sep 2017Loop CapitalInitiates Coverage OnBuy
Sep 2017DA DavidsonInitiates Coverage OnBuy
Aug 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: morningstar RJ HottovyAnalyst Color Exclusives Analyst Ratings


Related Articles (AMZN)

View Comments and Join the Discussion!