Amazon's Pre-Earnings Setup Is Almost Too Clean—Red Flag?

If Amazon were to hit this in the coming weeks and months, it'd be well above February's all-time high and far into blue sky territory. Crucially, Amazon's fundamentals continue to offer support. Consensus estimates for Thursday's report call for a 9.4% year-over-year (YOY) increase in revenue, with earnings per share growth expected to be closer to 3.6% YOY. Unsurprisingly, the company's AWS unit is expected to contribute quite a bit, with many on Wall Street forecasting its revenue will accelerate into th ...