Amazon (AMZN) Stock: What Wall Street Expects from Earnings Thursday

TLDR Amazon (AMZN) stock was trading at $257.82, down 2%, a week before its Oct. 29 earnings report. Analysts expect EPS of $1.96 and revenue of $202.21 billion. AWS growth, the $220 billion capex plan and operating income guidance are the main focus. MACD is positive, with resistance at $259.50 and support at $244.50. Morningstar’s fair value estimate is $300, and the average Wall Street target is $335.62. Amazon (AMZN) stock traded at $257.82 in recent trading, down 2%. The move comes a week before the company reports third-quarter results. Amazon.com, Inc., AMZN Amazon reports after the close on Oct. 29. Analysts expect earnings per share of $1.96 on revenue of $202.21 billion. Last quarter set a high bar.

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