The second-quarter earnings season is here, and on July 25, Big Tech giant Amazon (AMZN) is scheduled to report its financial results. As a long-term AMZN stock bull, I’m confident the company’s positive momentum will persist in Q2, driven by its shift to higher-margin services, advancements in AI, and Amazon Web Services (AWS), its crown jewel.
In this article, I’ll focus on expectations for the June quarter, and I’ll answer the following questions: how strongly has Wall Street projected Amazon’s top and bottom-line growth? What are the main topics investors should be paying attention to? And finally, is the stock a buy before earnings day?
Amazon’s Q1 Recap and Wall Street’s Outlook
Over the past few quarters, it’s become clear that under CEO Andy Jassy, Amazon has shifted its focus to higher-margin services like cloud computing and advertising, moving away from first-party retail sales.
Since taking over, Jassy has…
