Amazon full-year results: where next for the share price?
The e-commerce giant will unveil its full-year results on Thursday, with investors hoping that Amazon will end the financial year on a high after missing analysts earnings forecasts in both its second and third quarters.
Amazon will unveil its full-year results on Thursday, with investors hoping the company won’t fall short of analysts’ earnings forecasts for a third consecutive time.
In its second and third quarters, the e-commerce giant managed to exceed analysts’ revenue estimates, but missed the mark on earnings.
But despite Amazon missing Wall Street’s expectations its stock rose by more than 23% in 2019, though underperformed the market, with the S&P 500 climbing more than 31% over the period.
In 2020, the stock is down a little over 1% and behind the broader market which is up 2% on a year-to-date basis.
Wall Street analysts estimate Amazon will generate revenue of $85.89 billion and adjusted earnings per share (EPS) of $4.04 in its upcoming fourth quarter results.
Ready to start hedging? Open an account with IG today to get started.
Analysts upbeat about Amazon shares in 2020
The 46 analysts offering 12-month price forecasts for Amazon have a median target of $2200, with a low estimate of $1850 and a high estimate of $2573.40.
The median estimate implies a potential upside for the stock of 20.3% based on Amazon closing at $1828 on Monday, with the low and high estimates representing a potential upside of 1.2% and 40.8% respectively.
Do you own Amazon shares? You can hedge your downside risk by trading CFDs and spread betting.
Amazon earnings expected to decline in Q1 2020
Looking ahead, analysts are expecting Amazon to kick-off the new financial year with strong sales growth, but the company’s earnings are forecast to decline in Q1 2020.
Wall Street analysts forecast the e-commerce giant will see revenue increase by 20% year-over-year to $71.65 billion and adjusted EPS to fall 9.2% to $6.44.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
