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Earnings Season: Will Q2 results fuel investors' love for Amazon?

Investors are head over heels for Amazon stock, which has soared almost 60% this year, and expectations are high ahead of the company’s second quarter earnings, says Saxo Bank’s Mads Koefoed.

Amazon is expected to report earnings per share of around 83 US cents, when the company unveils its results on Thursday after the US market closes. Key things to watch out for in the earnings report will be how Amazon’s cloud business is performing as well as the impact from a strong US dollar, Koefoed says.

Consensus estimates for the report are at the top of the range of Amazon’s own guidance for the quarter, but Koefoed believes Amazon has what it takes to surprise investors positively and beat expectations.

03:15 minutes
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