Amazon Earnings: Cloud Growth in Focus as AI and Retail Face Challenges

Amazon to report Q3 earnings on Thursday; focus will be on growth of its cloud business Amazon Web Services.

Forecasts expect accelerated growth for AWS in H2 2022. Analysts also watching for monetization of AI efforts like Bedrock.

Sentiment mixed on Amazon heading into earnings. Investors debating trajectory of AWS, regulatory challenges, retail margin pressure.

Key numbers $141.56B expected revenue, $23.13B expected AWS revenue, $0.58 expected EPS.

Analysts largely bullish on Amazon stock with 63 Buys, 2 Holds, 0 Sells. Share price tends to increase when operating margins rise.