Retail exchange traded fund investors will be keeping an eye on Amazon (NasdaqGS: AMZN) Thursday as the online retail giant announce its fourth quarter earnings results.
A survey of analysts expects AMZN per share earnings of $1.63 on sales of $36 billion, reports JJ Kinahan for Forbes. The holiday fueled quarter has historically been one of the strongest periods for the e-commerce shop. The Street anticipates a surge in revenue, up 23% year-over-year on increased Prime membership.
“Amazon’s holiday trends looked strong, reinforcing our view that it will continue to disrupt the retail environment,” KeyBanc analyst Edward Yruma wrote in a note, according to The Street. “We think that holiday 2015 was a good one for Amazon given its focus on non-apparel goods.”
Moreover, the internet company has also been expanding its digital content and logistics, two key growth areas for the company, capitalizing on its Prime-centric strategy.
“Amazon is one of the most disruptive forces in retail and technology today,” KeyBanc’s Yruma added. “We think it will continue to take share and also benefit as total share accorded to e-commerce continues to grow. Amazon is one of our favorite long-term ideas.”