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Yahoo Finance’s Dan Howley breaks down what to expect for Amazon’s Q2 2021 earnings report.
KRISTIN MYERS: Amazon is set to report after the bell today. And if it follows in the footsteps of some of the other big tech names, we can expect a blowout. Our tech editor Dan Howley is here with a bit of a preview. Hi, Dan.
DAN HOWLEY: Hi, Kristin, that's right. They're expected to beat-- that's at least some analysts are looking for-- for Q2 2021. The revenue that Wall Street is expecting is $115 billion. That is compared to just 88-- just-- but $88 billion in Q2 2020. EPS of $15.75 versus $10.30 in Q2 2020 and AWS revenue of $14.18 billion versus $10.81 billion in 2020.
And really, what we're going to be looking at here is the forecast for Q3. Q2, we had, obviously, Prime Day. That should boost the numbers there for the actual sales on the e-commerce side. But Q3 is looking like some analysts are concerned that there will be a slowdown in the amount that people are spending on the e-commerce side of things, just because people are able to go back out into the world, go back out and start purchasing things at real brick and mortar stores.
That could also benefit some of the brick and mortar stores that Amazon has. But they are nervous about the e-commerce aspect, although they have pointed out that the Delta variant and the uptick that we're seeing, kind of the remasking, discussions around that, that could still provide a boost for Amazon. But obviously, there's not going to be a lot slowing this juggernaut down. Andy Jassy is going to be speaking perhaps during the call, his first time as CEO of the company, as Jeff Bezos is now a space man. So we'll have to see how they perform, though, after the bell.