BUZZ-PREVIEW: Amazon shares edge up; Q4 EPS, rev seen rising

Shares in Amazon.com AMZN.O, after hitting intraday record high on Tuesday, up 0.5% on Thursday ahead of Q4 report due after market close

Wall Street consensus view is for AMZN to report adj EPS of $1.49 vs $1.00 in year-ago quarter on rev of $187.3 bln vs $169.96 bln in year-ago quarter, according to LSEG

In last 8 quarters AMZN's EPS handily beat Street with last miss for Q3 2022 while rev met or beat consensus 7 times

AMZN under pressure to deliver on lofty Q4 cloud computing expectations after lackluster Microsoft MSFT.O, Google GOOGL.O results jolted faith in hefty AI investments

AMZN options imply a 6.7% swing for the shares, in either direction, by Fri; over the last eight quarters, on average, the shares moved 6.6% the day after results, according to Trade Alert

Stock last traded at $237.31 vs median PT of $255, up from $240 last month as per LSEG which shows 72 analyst ratings: 19 'strong buy,' 49 'buy' and 4 'hold' ratings

Shares up 8.2% YTD after rising 44.4% in 2024 while Dow Industrials .DJI up 5.2% YTD after last year's 12.9% gain; S&P 500 consumer discretionary index .SPLRCD up 2.9% YTD after 29.1% 2024 gain