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Investors are eagerly awaiting Amazon's balance sheet
Amazon will present quarterly results on April 29, 2024 - Find out more about the expected balance sheet figures and analyst forecasts in this article. Financial conference on April 30th.
Investors are eagerly awaiting Amazon's balance sheet
Investors and market observers are eagerly awaiting Amazon's upcoming quarterly results release. On April 30, 2024, the Company will provide an insight into its books at the quarterly financial conference to disclose the balance sheet for the quarter ended March 31, 2024.
Analysts are forecasting average earnings per share of $0.843 for the last quarter, an increase of an impressive 171.94 percent compared to the same quarter last year. Amazon is expected to post an 11.99 percent increase in revenue compared to the same period last year, with 47 analysts on average estimating revenue at $142.63 billion, compared to $127.36 billion in the year-ago quarter.
For the current fiscal year, 59 analysts on average forecast earnings per share of $4.19, compared to $2.95 in the same period last year. In terms of sales, they expect Amazon to post a total of $642.27 billion in the current fiscal year, compared to $574.79 billion last year.
Amazon's upcoming quarterly earnings release has piqued the interest of investors and market watchers as the company's performance will provide important insight into its financial health. Analysts' earnings and revenue expectations point to a strong quarter and a promising fiscal year for Amazon. Investors will be eagerly waiting to see whether the company can meet or exceed forecasts and how this will affect the share price.