From Nasdaq: 2024-04-05 09:00:15

Amazon (AMZN) stock is closely watched by investors on Zacks.com. Shares have returned +1.8% in the past month compared to the Zacks S&P 500 composite’s +0.5% change. Analysts predict earnings of $0.81 per share this quarter, a +161.3% change. Consensus sales estimates show an +11.8% year-over-year growth for the current quarter.

Zacks prioritizes evaluating changes in a company’s earnings projection to determine stock value. Amazon’s consensus earnings estimates for the current fiscal year point to a +40.7% change. A Zacks Rank #3 (Hold) is assigned to Amazon due to recent positive earnings estimate revisions. The company has beaten EPS consensus estimates in the last four quarters.

Amazon reported revenues of $169.96 billion last quarter, representing a +13.9% change. The company consistently beat revenue estimates over the past four quarters. Valuation metrics show Amazon is trading at par with its peers, graded C by the Zacks Value Style Score system. Analysts predict revenue growth of +11.8% for the current quarter.



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