Amazon plans to release its third-quarter earnings after the close on Thursday, October 26. We reviewed its prospects in the October 22 issue of the FinancialCyclesWeekly.com newsletter.
The overall trading action in this stock has been quite weak since its huge earnings miss last quarter as the stock hit significant Chiron resistance, so a lot is riding on this new report.
Analysts expect a loss of 2 cents per share with revenues of $41.97 billion, which would mean sales growth of 28%, but an EPS plunge of nearly 104%.
What Does The Astrology Say About Amazon?
Transiting Saturn is in opposition to First-Trade Kronos on Thursday, pushing AMZN to secure its status at the top of the e-commerce heap. Its position as the number one player online is clearly facing some major challenges. And with Mars crossing the First-Trade IC and a Sun/Jupiter conjunction semi-square First-Trade Mars, there are clear signs of successful action and positive performance.
But when we look at the AMZN First-Trade horoscope on the 90-degree dial with the pointer on the transiting Sun/Jupiter conjunction, the indications seem mixed.
Powerful Developments & Significant Evolution
The activation of the Pluto/Midheaven axis signals powerful developments and significant evolution. But Admetos/Vulcanus suggests major obstacles ahead, with lots of potential resistance to the company’s plans for expansion.
Those challenges may focus on Amazon’s efforts to open up new locations for its operations (Jupiter/Saturn). And with Apollon/Admetos also in play, there may be some interesting compromises for the company in the works.
So here’s the bottom line.
I’m definitely looking for Amazon to beat estimates on October 26, and there’s a distinct possibility of a nice price pop in the stock immediately after that.
But even so, the long-term outlook may not be so rosy. I’m not sure that we should expect the good news coming from an earnings report to prevent further trading obstacles ahead.