The OSPL Digital Engagement Team has come up a Single Stock Highlight on Amazon (AMZN US).
Amazon will be reporting their Q2 2021 earnings after the end of 29 July 2021 US trading session.
The tech titan has projected about US$110b to US$116b in sales, and about US$4.5b to US$8b in operating income.
In comparison, Wall Street consensus calls for sales of US$115.4b, operating income of US$7.8b and earnings of US$12.28 a share.
Something to note is that Amazon has beaten expectations for 10 Quarters in a row.
Also, according to Credit Suisse, Amazon has nearly tripled its spending on additions to capacity for the purpose of following through on its planned 50% fulfillment center square footage increase and middle and last-mile delivery capabilities.
These increased capacity investments could allude to Amazon potentially restarting its Prime one-day delivery expansion, which was 50% complete before the pandemic.
As Amazon has historically focused on delivery improvements through the deployment of additional fulfillment assets in the third quarter, this may further hint that the company could announce faster delivery options heading into the holidays season.
This will also be the first quarter for Amazon since Jeff Bezos handed over the CEO reins to Andy Jassy.
And in other developments, Amazon is facing an in-depth investigation by the US FTC over its proposed acquisition of the film studio MGM.