ET. bookmark_border. Top coverage. On average, analysts polled by FactSet are expecting overall revenue of $80.6 billion for the quarter ending June 30, up from $63.4 billion in the year-ago quarter. There are still several positive trends working in Amazon's favor, however. That makes Amazon's profit outlook difficult to predict until investors are able to glean more from its profit trends in the pandemic, Pachter wrote.
But for many investors, a potential 20% return over 18 months is far from compelling when you consider the risk pipeline.The S&P 500 index has recovered all but 6% of losses triggered by the Covid-19 pandemic.Whilst the Covid-19 pandemic caused a deep recession, we appear to be in recovery mode and potentially on the cusp of a new multi-year growth cycle.
But these aren't normal circumstances."Olsavsky told CNBC that Amazon saw a big spike in grocery sales. That’s not necessarily a bad thing, for those with cash it is a buying opportunity.July 8, RBC Capital maintained Outperform, raised target to $120 from $53.The benefits of improved oil prices may, or may not, already show up in the reports of shale producers in Q2 but it certainly does form part of improved guidance that will be embedded in the Q2 earnings conference calls.Note: Prior to this year’s pandemic-recession and crippling oil supply-demand mismatch, Diamondback’s operating model enabled it to be profitable, generate free cash flow and pay a dividend at $45 oil. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.Learn everything you need to know about successful options trading with this three-part video course.Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.Receive a free world-class investing education from MarketBeat. These are all great companies, but because of their sky-high valuations, I don’t see the risk-reward being favorable enough to support trading the stocks into their Q2 earnings release.Also, it appears we won’t have a Covid-19 vaccine until year-end.Because of the risky backdrop, investors doing stock trades will have to be particularly selective and only execute trades that have a high probability of success.H2 2020 comes with elevated risk; presidential and congressional elections and a potentially nasty virus outbreak in winter.Estimated Q2 earnings release dates; August 4 Diamondback, August 4-6 Pioneer.The problem for investors is that, as more money piles into the sector, valuations are becoming stretched and it is increasingly difficult to find value. It is a company with exceptional long-term growth potential.In the meantime, to protect capital, and make a little money along the way, I advocate doing carefully selected short-term trades during Q2 earnings season.In the meantime, to protect capital and make some money, adopt a trading strategy.Alarmingly, a second wave outbreak is occurring.At the time of the Q1 2020 earnings conference calls, there was much discussion about service costs. Amazon Web Services revenue was expected to come in at $10.33 billion, based on FactSet estimates. Largely, the company is known for its work in the diabetics arena. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. amp video_youtube 27 minutes ago. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2020. Positivity during Q2 earnings season, weakness going into the elections and potentially more strength going into year-end if progress is being made on the vaccine front.Pioneer has also taken steps to reduce costs. Amazon.com, Inc. (NASDAQ:AMZN) Q2 2020 Earnings Conference Call July 30, 2020 5:30 PM ET. …
The returns since the market nadir have been astounding. The current Wall Street EPS consensus for the June quarter is $1.34, down from $5.01 in Q1.
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amazon q2 earnings 2020 date