Wall Street analysts believe that Amazon will confirm its position as the biggest beneficiary of the coronavirus when the company reports its fourth-quarter earnings after the clock on Tuesday.
The company’s shares have fallen by 9% since its earnings in October, compared to the S&P 500 which is just over 15% higher.
But analysts also believe investors need not worry about the stock as the e-commerce giant’s momentum is likely to remain.
The company is coming off a strong holiday period and analysts expect the report to reflect this.
Other items to look at include international expansion, growth of Prime members, Amazon Web Services revenue and an update on the impact of the pandemic on spending.
This is what analysts expect from Amazon’s earnings: