According to our latest consensus estimates, Amazon is expected to report a loss of 2 cents per share and revenues of $41.97 billion. This would represent sales growth of 28% but an EPS slump of nearly 104%. Some investors may be concerned about Amazon's short-term spending, but Wall Street will likely react to the company's growth in key divisions like Amazon Web Services.
Analysts there estimate about 7% retail margin versus 1% last year.
Analysts are “highly confident” about Amazon’s AMZN , -1.16% growth, rating the e-commerce giant’s shares overweight with a $1,200 price target.
While the additional grocery business is a focus, Amazon hasn’t lost forgotten about other parts of its business, introducing a crop of new Echo and Fire TV devices in recent weeks, as the competition in voice commerce heats up.