Pre-Earnings Check-In with Amazon.com Stock

Core Viewpoint - Amazon.com Inc is set to report its third-quarter earnings on October 30, with analysts expecting a profit of $1.57 per share, reflecting a 9.8% year-over-year increase, and revenue of $177.88 billion, indicating a 12% increase from the same quarter last year [1] Earnings Expectations - Analysts anticipate profits of $1.57 per share, a 9.8% increase year-over-year [1] - Expected revenue is $177.88 billion, representing a 12% jump from the same quarter a year ago [1] Market Reactions - Historically, Amazon's stock has finished lower after its last three earnings reports, including an 8.3% drop in August [2] - The options market is pricing in a 10.3% next-day swing, which is higher than the 5.5% average move over the last two years [2] Stock Performance - Amazon's stock was last seen down 0.2% at $228.96, potentially ending a four-session win streak [3] - The stock has been rising after bouncing off the 200-day trendline, but the $240 region remains a potential resistance level [3] Analyst Sentiment - All 58 analysts covering Amazon have a "buy" or better rating, indicating strong bullish sentiment [5] - The 12-month consensus price target is $267.09, which is a 16.5% premium to current levels and represents all-time highs [5]