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RBC Capital’s 2Q Earnings Preview: Amazon.com, Inc. (AMZN), Facebook Inc (FB), Alphabet Inc (GOOGL)

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Top analyst Mark Mahaney at RBC Capital weighs in on internet giants Amazon.com, Inc. (NASDAQ:AMZN), Facebook Inc (NASDAQ:FB), and Alphabet Inc (NASDAQ:GOOGL). Dive in to see why this analyst believes you should add positions in these three ahead of upcoming earnings reports.

Mark Mahaney is ranked #7 out of 4,077 analysts on TipRanks. He maintains a 65% success rate and an average return of 19.7%. When suggesting AMZN, the analyst maintains a success rate of 91% and an average profit of 38%. When recommending FB, Mahaney sustains a success rate of 100% and an average profit of 41.5%. When rating GOOGL, the analyst upholds a success rate of 82% and an average profit of 31%.

Amazon.com, Inc.

Mahaney weighs in on Amazon ahead of the company’s second-quarter earnings set for Thursday, July 28, 2016. The company is expected to report earnings in-line with consensus estimates, according to the analyst. The analyst reiterates an Outperform rating with a price target of $800.00

Mahaney expects AMZN to report $29.6B in revenue, $1.07 B in pro forma operating income, and GAAP EPS of $1.11 on July 28th. According to the analyst, “Our revenue estimate is in-line with consensus but above the midpoint of company guidance while our GAAP EPS estimate of $1.11 is just ever-so-slightly higher than consensus of $1.10.”

The analyst explains that, according to comScore U.S Online Retain spend trends, total U.S. Online Desktop Spending rose 17% in Q2. The analyst also notes that Amazon posted Q2 SSS growth of 12% year-over-year, based on ChannelAdvisor data. Based on comScore data, Amazon “Sites Q2 U.S. total Multi-Platform Unique visitor growth was up 1% Y/Y...


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