{"id":853,"date":"2023-04-27T10:11:21","date_gmt":"2023-04-27T14:11:21","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/amazon-stock-to-beat-the-consensus-in-q1\/"},"modified":"2023-04-27T10:11:22","modified_gmt":"2023-04-27T14:11:22","slug":"amazon-stock-to-beat-the-consensus-in-q1","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=853","title":{"rendered":"Amazon Stock To Beat The Consensus In Q1"},"content":{"rendered":"<div>\n<p>Amazon (NASDAQ: AMZN) is scheduled to report its fiscal Q1 2023 results on Thursday, April 27, 2023 (after market close). We expect Amazon<fbs-ticker data-name=\"AMZN\" data-href=\"https:\/\/www.forbes.com\/companies\/amazon\" data-type=\"stock\"><br \/>\n  AMZN<br \/>\n <\/fbs-ticker> to top the consensus estimates of earnings and revenues. The company outperformed the street expectations in the last quarter, with net revenues increasing by 9% to $149.2 billion. It was due to a 13% rise in North America revenues and a 20% improvement in the Amazon web services segment. That said, the positive impact was partially offset by an 8% drop in international division revenues. We expect the Q1 result to be on similar lines.<\/p>\n<p>Our forecast indicates that <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/AMZN\/no-login-required\/p5DVYQLL\/Amazon-AMZN-Valuation-Is-AMZN-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230427\">Amazon\u2019s valuation<\/strong><strong> <\/strong>is $134 per share, which is 31% above the current market price of around $103. Our interactive dashboard analysis on <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/AMZN\/no-login-required\/fssxcCcO\/Amazon-AMZN-Earnings-Preview-AMZN-Stock-Likely-To-Trade-Higher-Due-To-Strong-FY-2023Q1-Results-With-Revenues-And-Earnings-Beating-Expectations?fromforbesandarticle=trefis230427\">Amazon\u2019s Earnings Preview<\/strong> has more details.<strong> <\/strong><\/p>\n<p><strong>(1) Revenues expected to top the estimates<\/strong><\/p>\n<p><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/AMZN\/no-login-required\/HcytK2Km\/Amazon-Revenues-How-Does-AMZN-Make-Money-?fromforbesandarticle=trefis230427\">Amazon\u2019s revenues<\/strong> grew 9% y-o-y to $514 billion in FY2022.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<ul>\n<li>The company witnessed positive growth in net revenues from physical stores (11%), third-party seller services (14%), subscription services (11%), advertising services (21%), and AWS (29%) divisions. We expect the same pattern to continue in Q1.<\/li>\n<li>The net sales from the online stores category marginally decreased in the year to $220 billion. We expect the same trend to continue in Q1.<\/li>\n<li>Overall, we forecast Amazon\u2019s revenues to touch $560 billion for the full-year 2023.<\/li>\n<\/ul>\n<p>Trefis estimates Amazon\u2019s fiscal Q1 2023 net revenues to be around $125.99 billion, slightly above the $124.54 billion consensus estimate.<\/p>\n<p><strong>(2) EPS is likely to beat the consensus estimates<\/strong><\/p>\n<p>Amazon Q1 2023 adjusted earnings per share is expected to be $0.22 per Trefis analysis, 5% above the consensus estimate of $0.21. The adjusted net income decreased from $33.4 billion to -$2.7 billion in FY 2022. It was partly due to an increase in operating expenses and partly because of an unfavorable decrease in non-operating income from $13.3 billion to -$18.2 billion. Markedly, the non-operating income primarily suffered because of a pre-tax valuation loss from an equity investment in Rivian Automotive.<\/p>\n<p>We expect the operating expenses to follow the same trend in Q1. Overall, Amazon is likely to report an annual GAAP EPS of $1.71 and revenue per share of $55.44 for the full-year 2023.<\/p>\n<p><strong>(3) Stock price estimate is 31% higher than the current market price<\/strong><\/p>\n<p>We arrive at <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/AMZN\/no-login-required\/p5DVYQLL\/Amazon-AMZN-Valuation-Is-AMZN-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230427\">Amazon\u2019s valuation<\/strong>, using an RPS estimate of around $55.44 and a price-to-sales (P\/S) multiple of just above 2x in fiscal 2023. This translates into a price of $134, which is 31% above the current market price.<\/p>\n<p><em>Note: P\/E Multiples are based on Share Price at the end of the year and reported (or expected) Adjusted Earnings for the full year<\/em><\/p>\n<p>What if you\u2019re looking for a more balanced portfolio instead? Our <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/ixlFNWUX\/High-Quality-Portfolio-30-Stocks-with-134-Return-Since-2016-vs-70-for-S-P-500?fromforbesandarticle=trefis230427\">high-quality portfolio<\/strong> and <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG\/Multi-Strategy-Portfolio-262-Return-Since-2016-vs-102-for-S-P-500?fromforbesandarticle=trefis230427\">multi-strategy portfolio<\/strong> have beaten the market consistently since the end of 2016.<\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG?fromforbes\">Market Beating Portfolios<\/strong><\/p>\n<p>See all <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/price-estimates?fromforbes\">Price Estimates<\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/04\/27\/amazon-stock-to-beat-the-consensus-in-q1\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon (NASDAQ: AMZN) is scheduled to report its fiscal Q1 2023 results on Thursday, April 27, 2023 (after market close). We expect Amazon AMZN to top the consensus estimates of earnings and revenues. The company outperformed the street expectations in the last quarter, with net revenues increasing by 9% to $149.2 billion. It was due [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon Stock To Beat The Consensus In Q1 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Amazon (NASDAQ: AMZN) is scheduled to report its fiscal Q1 2023 results on Thursday, April 27, 2023 (after market close). 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