Wall Street analysts believe Amazon will consolidate its position as the main beneficiary of the coronavirus when the company reports fourth-quarter earnings on Tuesday after the bell.
The company’s shares have fallen 9% since its October profit compared to the S&P 500, which is just over 15%
But analysts also say investors shouldn’t be concerned about stocks, as the e-commerce giant’s momentum is likely to stay.
The company is coming out of a robust holiday season and analysts expect the report to reflect this.
Other items to watch out for include international expansion, growth of Prime members, revenue from Amazon Web Services and an update on the impact of the pandemic on spending.
Here’s what analysts expect from Amazon’s earnings: