Investors should prioritize Amazon's profit over year-over-year revenue growth, according to Evercore ISI.
div > div.group > p:first-child"> As a growing percentage of Amazon's business comes from third-party sellers and subscriptions like Prime, investors should prioritize gross profit over year-over-year revenue growth, according to Evercore ISI.
The analyst sees Amazon's 2020 earnings per share rising to $44.30, up from 2018's $20.10. The company stock rose 0.8 percent before the opening bell Monday. The stock closed Friday at $1,671.73. That may signal a welcome change for some Amazon investors, who for a long time have looked to Amazon's revenue growth as the most important number for the Seattle retailer.
Investors may have also been disappointed with Amazon's first-quarter guidance, which forecast revenue between $56 billion and $60 billion. That is slightly below the $60.8 billion consensus estimated by FactSet
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