Amazon’s Anticipated Earnings: What Investors Should Know AMZN prepares to release its fourth-quarter earnings report this Thursday, with analysts forecasting an earnings per share (EPS) of $1.49 and revenues of $187.30 billion. The report will be issued after market hours.
In the past year, Amazon’s stock has risen by 40.71%, posting an increase of 8.08% year-to-date.
Let’s explore the current performance of Amazon stock and how it aligns with Wall Street expectations.
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Positive Momentum for AMZN Ahead of Earnings
AMZN stock is exhibiting strong bullish trends as it approaches the fourth quarter earnings announcement. The stock is consistently trading above its five-day, 20-day, and 50-day exponential moving averages—a sign of a significant uptrend, even though there are slight indications of selling pressure.
Chart created using Benzinga Pro
Currently, Amazon’s eight-day simple moving average stands at $237.68, slightly above the current trading price of $238.27, presenting a short-term bearish signal. In contrast, longer-term indicators remain strongly bullish, with the stock trading above its 20-day ($231.01), 50-day ($224.81), and 200-day ($195.58) simple moving averages.
For investors, the technical indicators point to a favorable position for AMZN stock heading into the earnings report. The Moving Average Convergence Divergence (MACD) at 4.57 supports positive momentum, and the Relative Strength Index (RSI) at 60.48 indicates there is potential for more upward movement before reaching overbought levels.
If the upcoming earnings confirm ongoing business strength, technical signals suggest that AMZN stock may climb higher. Conversely, a disappointing earnings report could challenge short-term support levels, particularly within the $230 to $224 range, which traders should monitor closely.
Analysts Predict 15% Increase for Amazon
Current Ratings & Consensus Estimates: Analysts maintain a consensus rating of Buy for Amazon stock, with a target price of $255.37. Recent evaluations from Benchmark, Telsey, and JMP suggest a potential upside of 15.45% for AMZN, with a particular target of $275.
Current Stock Performance: At the time of publication, Amazon stock is trading at $236.
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