Amazon (NASDAQ: AMZN), an American multinational technology company focused on e-commerce, cloud computing, digital streaming and artificial intelligence, was featured in this week’s Simply Wall St Journal. The piece reviews Amazon’s impressive story of innovation, growth and dominance and, after trouncing expectations for its Q1 results, provides a view of what analysts are now expecting. “Following the latest results, Amazon’s 43 analysts are now forecasting revenues of US$489.7b in 2021. This would be a solid 17% improvement in sales compared to the last 12 months. Per-share earnings are expected to increase 2.8% to US$55.13,” the publication reads. “Before this earnings report, the analysts had been forecasting revenues of US$489.7b and earnings per share (‘EPS’) of US$54.96 in 2021. So it’s pretty clear that, although the analysts have updated their estimates, there’s been no major change in expectations for the business following the latest results — prospects still look good.”
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About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.Amazon.com.
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