From Nasdaq:

Amazon (AMZN) closed at $176.82, up 1.91% from the previous day, outperforming S&P 500. Tech-heavy Nasdaq rose by 1.51%. Shares saw a 1.75% gain in the past month, but lagged behind Retail-Wholesale sector and S&P 500. Analysts expect Amazon’s EPS to rise by 161.29% in the upcoming earnings report, with revenue expecting an 11.8% increase.

Investors should note Amazon’s anticipated earnings of $4.06 per share and revenue of $641.11 billion for the full year. Analysts predict a 40% rise in earnings and an 11.54% uptick in revenue. Recent estimates revisions can impact stock performance, highlighting optimism about Amazon’s future. The Zacks Rank system, with a #2 (Buy) rating for Amazon, indicates positive estimate revisions.

Amazon’s Forward P/E ratio is at 42.7, higher than the industry average of 19.57. It also has a PEG ratio of 1.52, indicating expected earnings growth. The Internet – Commerce industry’s average PEG ratio is 0.54. The industry is ranked 144 out of 250+, belonging to the lower 43%. Use Zacks.com to monitor stock metrics and industry developments.



Read more at Nasdaq: Why Amazon (AMZN) Outpaced the Stock Market Today