Amazon (NASDAQ:AMZN) Analyst consensus estimate for earnings tonight was raised the second time this week from $0.27 last week to $0.28 over the weekend, and now to $0.29 this morning on revenue of $22.26B. With expectations rising it may be difficult to AMZN to meet expectations as US e-commerce revenue growth came in below expectations for the quarter.
The key number may be the Q1 revenue quidance vs. current expectations of $16.86B. Analysts also reduced full year CY13 EPS estimate to $1.70 from $1.74 last week (and $1.82, 90 days ago). That places AMZN 2013 FWD P/E at 162.
My analysis suggests $0.22 in earnings on $21.9B in revenue for Q4, and guidance of $16.5B in Q1 revenue. I am expecting $1.26 in earnings for CY13.
AMZN stock is trading down about $15 (5.3%) over the past 2 days prior to the earnings release after close of the market today.
Disclosure: I am short AMZN.