Amazon.com Earnings Forecast Soars to $10.36 as Erste Group Bank Boosts Estimate

A prominent financial institution, Erste Group Bank, has increased its forecast for Amazon.com's earnings per share (EPS) in FY2027 to $10.36 from a previous estimate of $10.11.

This revised prediction exceeds the current consensus estimate of $8.05 per share, which analysts had previously expected the e-commerce giant to earn.

Amazon recently reported its quarterly earnings data on July 30th, with EPS of $5.75 beating analyst estimates by a significant margin of $3.93.

The firm's revenue for the quarter reached $200.61 billion, surpassing analysts' expectations of $197.03 billion and marking a 19.6% year-over-year increase in quarterly revenue.