S&P 500 (NYSE:SPY) component Amazon.com (NASDAQ:AMZN) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. Amazon.com sells millions of products across dozens of product categories on its web site. It also manufactures and sells the Kindle, an e-reader.
Amazon.com Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 29 cents per share, a decline of 23.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 50 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 30 cents during the last month. Analysts are projecting net loss of 3 cents per share versus net income of $1.34 last year.
Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting a loss of 23 cents per share against an estimate of net loss of 8 cents per share. The quarter before that, it missed expectations by one cent.
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A Look Back: In the third quarter, the company swung to a loss of $274 million (60 cents a share) from a profit of $63 million (14 cents) a year earlier, missing analyst expectations. Revenue rose 26.9% to $13.81 billion from $10.88 billion.
Here’s how Amazon.com traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: