Amazon (AMZN) is set to report Q4 results today after the close with a call to follow at 5:30pm ET. Last quarter, AMZN reported 16:01 ET, so investors should be on their toes.
The CapitalIQ consensus calls for a +9% yr/yr increase in non-GAAP EPS to $7.03 from $6.47 a year ago.
Revenue is expected to grow 37% yr/yr to $119.73 bln, guidance is $112-121 bln.
AMZN typically guides for revenue and operating income for the next quarter.
Operating income is a metric that's closely watched.
Another key in this report will be AMZN's highly profitable Amazon Web Services (AWS) cloud computing offering.
AWS is a critical growth engine for Amazon and it's an important part of how investors evaluate Amazon overall.
Look for any update on the timing and scope of opening up more Amazon Fresh grocery stores. (Look for PI as a derivative to this trade)
TECHS:
Last quarter, AMZN reported a huge EPS beat. A potential concern in Q4 is the fact that AMZN has been growing its fulfillment and logistics network square footage by 50%.
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