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Dan Howley of Yahoo Finance explains what to expect for Amazon’s Q2 2021 earnings report.
Video transcript
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KRISTIN MYERS: Amazon is expected to report after the bell today. And if he follows in the footsteps of some of the other big names in tech, we can expect an explosion. Our technical writer Dan Howley is here with an overview. Hi, Dan.
DAN HOWLEY: Hi, Kristin, that’s right. They are expected to beat – or that’s what some analysts are looking for – for the second quarter of 2021. Wall Street’s expected revenue is $ 115 billion. That is compared to just $ 88, but $ 88 billion in Q2 2020. EPS of $ 15.75 vs. $ 10.30 in Q2 2020 and AWS revenue of $ 14.18 billion vs. 10, 81 billion dollars in 2020.
And really, what we’re going to be looking at here is the forecast for the third quarter. Q2, we had, obviously, Prime Day. This should increase the numbers for actual sales on the ecommerce side. But in the third quarter, it appears some analysts are concerned that there may be a slowdown in the amount people spend on the ecommerce side, simply because people are able to go back to the world, come back and start buying. . things in real brick and mortar stores.
It could also benefit some of Amazon’s physical stores. But they are nervous about the e-commerce aspect, although they did point out that the Delta variant and the rise that we are seeing, some sort of remask, the talks about that, could still give a boost to Amazon. But obviously there isn’t going to be much slowing down of this juggernaut. Andy Jassy may be speaking on the call, his first time as CEO of the company, as Jeff Bezos is now a man of space. So we’ll have to see how they behave, however, after the bell.
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