Amazon (AMZN) stock dips more than market, revenue and earnings growth expected

From Nasdaq: 2024-06-07 17:45:11

Amazon (AMZN) closed at $184.30, down 0.38% from the previous day, trailing the S&P 500, which lost 0.11%. The company is expected to report earnings of $1.02 per share and revenue of $148.54 billion, reflecting growth projections of 61.9% and 10.54%, respectively, from last year.

Investors should pay attention to recent analyst estimates for Amazon, as these changes can impact the stock price. Amazon currently holds a Zacks Rank of #3 (Hold) and has a Forward P/E ratio of 40.38, higher than the industry average of 21.34. The Internet – Commerce industry ranks in the top 29% of all industries.

Zacks experts have identified a chemical company as their top pick with the potential to double in value. This company is up 65% over the past year and offers significant growth opportunities. Interested investors can access more information on this stock and other top recommendations on Zacks.com.



Read more at Nasdaq: Amazon (AMZN) Sees a More Significant Dip Than Broader Market: Some Facts to Know