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Morningstar's RJ Hottovy Previews Amazon's Q4 Earnings

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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.

Latest Ratings for AMZN

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

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