The consensus estimate for Amazon's first-quarter net sales is $142.59 billion, with various estimates for different sectors such as online stores, physical stores, third-party seller services, subscription services, and Amazon Web Services. The company's operating income estimate stands at $10.95 billion, with an operating margin estimate of 7.63%. The second quarter net sales estimate is $150.21 billion, with an operating income estimate of $12.54 billion.
Key takeaways:
- Amazon is set to report its first-quarter earnings after the market closes today.
- Investors are keenly interested in updates on Amazon's cloud-computing business and its plans for artificial intelligence.
- Amazon's stock has increased by 19% in 2024, more than double the S&P 500's gain.
- The company's consensus first-quarter net sales estimate is $142.59 billion, with significant contributions from online stores, physical stores, third-party seller services, and subscription services.