Amazon to report Q2 earnings with new CEO Andy Jassy at the helm

Andy Jassy, then-CEO Amazon World-wide-web Solutions, speaks at the WSJD Are living convention in Laguna Beach front, California, U.S., October 25, 2016. REUTERS/Mike Blake

Tech juggernaut Amazon (AMZN) is set to report its Q2 2021 earnings just after the closing bell on Thursday. The quarter is anticipated to deliver strong quantities for the company thanks to its Primary Working day 2021 sale, but analysts have worries about how re-openings could impression forecasts for Q3.

The conclude of Q2 also marks the conclusion of founder Jeff Bezos’ tenure as CEO, and the commence of the Andy Jassy era.

Here’s what Wall Road is anticipating from the enterprise in Q2, as compiled by Bloomberg, compared to how the firm performed in Q2 final yr.

  • Earnings: $115.06 billion expected as opposed to $88.91 billion in Q2 2020

  • EPS: $15.75 predicted compared to $10.30 in Q2 2020

  • AWS revenue: $14.18 billion envisioned compared to $10.81 billion in Q2 2020

Amazon’s earnings occur immediately after Apple (AAPL), Microsoft (MSFT), Google (GOOG, GOOGL), and Facebook (FB) announced their individual quarterly reviews, with each and every enterprise blowing previous expectations for the prior quarter.

Amazon has been on a tear in new quarters many thanks to the pandemic’s effects on its e-commerce functions. With so several persons paying time indoors and relying on shipping solutions, Amazon became a go-to for tens of millions of People.

The organization booked its to start with $100 billion quarter in Q4 2020 and also declared that it now has much more than 200 million Key subscribers.

But re-openings, many thanks to the availability of vaccines and less difficult entry to coronavirus tests, could weigh on Amazon’s Q3, particularly offered how rough comparisons will be to Q3 2020.

“For 3Q outlook, aggregated BAC credit score and debit card data implies some reopening headwinds in 3Q, with the COVID-pushed uptick in e-commerce demand commencing to fade and online penetration slipping as shop exercise boosts,” BofA Securities analyst Justin Submit wrote in an observe forward of Amazon’s Q2 earnings report.

Amazon is also experiencing hard regulatory headwinds, which include an ongoing Federal Trade Fee investigation into its alleged use of third-get together seller information to deliver and offer its possess Amazon Basics-branded merchandise.

Story carries on

The FTC is also reviewing Amazon’s prepared purchase of legendary Hollywood studio MGM for $8.45 billion to bolster its video choices and superior contend with the likes of Netflix and Disney+.

The FTC might develop into a even larger thorn in Amazon’s aspect many thanks to the commission’s new chair Lina Khan. An ardent critic of Amazon, Khan, a previous antitrust professor at Columbia Legislation College, arrived to fame just after publishing an write-up for the Yale Law Journal titled “Amazon’s Antitrust Paradox,” which phone calls for improvements in the latest antitrust regulatory framework.

Amazon is already contacting on Khan to recuse herself from the commission’s antitrust investigations and the probe into its acquisition of MGM.

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