Wall Street analysts believe Amazon will bolster its position as the main beneficiary of the coronavirus when the company reports fourth-quarter earnings on Tuesday after the bell.
The company’s stock is down 9% since its October gains compared to the S&P 500, which is up just over 15%
But analysts also say investors shouldn’t worry about the stocks as the e-commerce giant’s momentum is likely to continue.
The company is coming off a robust holiday season and analysts expect the report to reflect that.
Other items to keep an eye out for include international expansion, Prime member growth, Amazon Web Services revenue, and an update on the impact of the pandemic on spending.
Here’s what analysts expect from Amazon’s earnings: