RBC Capital Chimes In On Amazon Ahead Of Q4'14 Earnings
TipRanks | Jan 28, 2015 05:10AM ET
Investors are getting ready for Amazon.com’s (NASDAQ:AMZN) earnings report for the final quarter of 2014 scheduled for Thursday, January 29th after market close. The company is expected to post earnings of $0.22 per share and $29.7 billion in revenue.
Amazon last announced its quarterly earnings on October 23rd, posting what was its biggest loss in more than a decade. They reported a per-share loss of 95 cents, widening from a 9-cent loss in the same quarter the year prior. Analysts expected a 74-cent loss. Although Amazon pulled in $20.58 billion in revenue, they also posted a net loss of $437 million. The loss was bigger than expected due to a surge in spending on R&D and product development on items like the Amazon Fire phone, which ended up being a big flop.
The e-commerce giant has failed to beat analyst consensus estimates for the past six quarters, causing some investors to begin to lose hope in the stock. With that said, many are worried that the strengthening U.S. dollar will negatively impact the company’s earnings in the fourth quarter as Amazon has a large international presence.
However, Amazon’s fourth quarter earnings may mark a turnaround for the company as it added over 10 million Prime subscribers over the holiday season. With that said, Investors will be looking for an update on the building of Amazon Prime’s ecosystem.
In addition, Amazon’s AWS is continuing to rapidly gain momentum and becoming a leader in the cloud computing space.
RBC Capital analyst Mark Mahaney , visit TipRanks today!
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