SHOCKING REVEAL! Amazon Set to SKYROCKET in Q4 2024: Earnings Predictions Send Shockwaves!
Amazon.com Inc. (NASDAQ: AMZN) has just wrapped up another blockbuster year and is gearing up to unleash mind-blowing results for the final stretch of FY24! The e-commerce powerhouse is pouring mountains of cash into cutting-edge tech to revolutionize your shopping experience and supercharge its cloud empire with futuristic AI tools and services!
Stocks EXPLODE: Up Almost 50% in JUST SIX MONTHS!
Hold on to your seats, folks! Amazon’s stock is on a tear, skyrocketing by nearly 50% over the past six months, leaving the entire market in the dust! The stock hit a jaw-dropping new high last week, and the analysts predict that the momentum is only going to gather speed from here! With a closing price of $237.68, this baby is well above what we’ve seen over the past year. Get ready for a wild ride!
Earnings Estimates That Will Leave You Breathless!
Buckle up, because Amazon is projecting December-quarter revenue to soar between a staggering $181.5 billion and $188.5 billion! That’s right, the crystal ball shows a forecast of a jaw-dropping $187.25 billion for Q4 alone! And how about earnings? Analysts are expecting a sensational $1.49 per share, up from just $1.0 per share in Q4 2023! The earnings report drops like a bomb on Thursday, February 6, at 4:00 PM ET!
INSANE Growth: Last Quarter’s Numbers Will Blow Your Mind!
In a stunning twist, net sales for Q3 jumped 11% year-over-year to $158.9 billion, smashing expectations after a disappointing prior quarter. North America, accounting for a whopping 60% of all sales, saw a 9% growth! And let’s not forget Amazon Web Services—the cloud titan behind the company’s success—riding a massive wave with a sizzling 19% revenue growth!
Thanks to this explosive revenue, net income skyrocketed to $15.3 billion, or a jaw-dropping $1.43 per share, up from just $9.9 billion or $0.94 per share in the previous year. This marks a staggering SEVEN consecutive quarters of earnings beats! Can you say “cha-ching”?
CAPEX Shenanigans: A Whopping $75 BILLION Slated for 2024!
Amazon is not just resting on its laurels! With a staggering $75 billion earmarked for capital expenditures in 2024, the focus is laser-sharp on ramping up tech infrastructure to meet the surging demand for AI-enabled AWS. Major investments are flooding into the fulfillment and transportation networks. Why? To boost growth, skyrocket delivery speeds, and slash costs!
CFO Brian Olsavsky gushed during the third-quarter earnings call about surging strengths in established markets like the U.K. and Germany, where they are juicing efficiencies in their transportation network and fulfillment operations. And let’s not overlook the emerging markets, which are racking up revenue at a scorching pace!
Is Investor Confidence Crumbling? Stock Takes a Dip Ahead of Earnings!
But WAIT! Not all is sunshine and rainbows! The stock dipped early Monday after several days of sideways trading, prompting whispers of dwindling investor confidence just before the earnings report drops!
🔥 Get ready, because the Amazon rollercoaster is just beginning! Don’t miss out on this electrifying opportunity as the e-commerce giant gears up for what could be a historic earnings announcement! Stay tuned! 🔥
