By Narrative Science
Analysts are predicting grim results for Amazon.com when the company releases its first quarter numbers on Thursday, April 23, 2015. They are expecting the company to take a loss of 12 cents a share after Amazon.com booked a profit of 23 cents a year ago.
The consensus estimate hasnÔÇÖt changed over the past month, but itÔÇÖs down from three months ago when it was 16 cents. For the fiscal year, analysts are expecting earnings of 46 cents per share. Revenue is expected to be $22.41 billion for the quarter, 14% higher than the year-earlier total of $19.74 billion. For the year, revenue is projected to come in at $102.40 billion.
Last quarterÔÇÖs profit snapped two straight quarters of losses.
The majority of analysts (52%) rate Amazon.com as a buy. That percentage is still below the mean analyst rating of nine similar companies, which average 54% buys.
Amazon.com is an online retailer that offers a wide range of products. Overstock.com, another company in the retail (catalog and mail order) industry is also expected to report soon, on Monday, April 27, 2015.
Earnings estimates provided by Zacks. ┬á ┬á┬áNarrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.