Amazon almost always ups the ante and delivers stronger than expected results, boosting its shares higher

Jessica Amir joined discussion · Apr 29 04:14

Can history repeat itself?

Amazon $Amazon(AMZN.US)$ has a strong history of delivering better than expected earnings results. This has been achieved since 2018 as I have highlighted below.

Also, throughout history Amazon has delivered an EPS beat of 89%, and that has resulted in its shares rising 6.5% the day after result day.

What to watch this week? Well Amazon likely benefited from Amazon Web Services (AWS) growth, according to Bloomberg Intelligence, coupled with higher online and advertising sales, with Prime membership in the US hitting a new high of 180 million in March.

I have highlighted the last three quarterly earnings results, with earnings per share beating expectations and resulting in upside moves of 6.8%-8.3%.

Q4 EPS was 25% better than expected. $Amazon(AMZN.US)$ shares jumped 7.87%

Q3 EPS was 41.54% better than expected. $Amazon(AMZN.US)$ shares jumped 6.83%

Q2 EPS was 79.74% better than expected. $Amazon(AMZN.US)$ shares jumped 8.27%

Amazon almost always ups the ante and delivers stronger than expected results, boosting its shares higher

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Jessica Amir

Moomoo Official Market Strategist

Investment strategist, featured on TV, radio, newspapers. Follow on Twitter @JessicaDAmir

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