Morningstar's RJ Hottovy Previews Amazon's Q4 Earnings
Speaking to Benzinga, Morningstar analyst RJ Hottovy said that he expects Amazon.com, 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.
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