Bear Stearns Sees Amazon Topping Estimates

Analyst Jeffrey Fielder says improved operating efficiencies and the effects of a restructuring should boost results

Bear Stearns expects Q2 results for Amazon.com (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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