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Bear Stearns Sees Amazon Topping Estimates

Bear Stearns expects Q2 results for (AMZN) to come in well ahead of consensus forecasts.

Analyst Jeffrey Fielder says unique user traffic analysis supports his assertion that Q2 revenues should top Q1's $700 million, placing them well ahead of the $678 million consensus estimate. He notes improved operating efficiencies, the effects of the Q1 restructuring, and higher revenues should drive bottom line improvement. The analyst narrowed his $0.21 Q1 loss estimate to $0.20. He notes Amazon has pre-released at the beginning of the second week following the end of the quarter for each of past two reporting periods, creating a near term trading opportunity for investors. The analyst maintains his attractive rating on the shares.

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