Amazon (AMZN) is expected to see a 61.9% year-over-year earnings increase, with positive revenue surprises.

From NASDAQ: 2024-06-11 09:00:15

Amazon (AMZN) is a trending stock on Zacks.com, with a return of +0.3% in the past month compared to the Zacks S&P 500 composite’s +2.9%. Analysts expect a 61.9% year-over-year earnings increase for Amazon this quarter, leading to a Zacks Rank #3 (Hold) for the stock.

Earnings estimate revisions drive stock price movements. Amazon is expected to post earnings of $1.02 per share this quarter, with a consensus estimate of $4.58 for the fiscal year. Revenue estimates for the current and next fiscal years show 10.5% and 11.2% year-over-year changes, respectively.

Amazon beat consensus EPS estimates in the last four quarters, with a positive revenue surprise of +12.5% in the last reported quarter. The stock is currently trading at a discount compared to its peers, with a Zacks Value Style Score of B.

Despite market buzz about Amazon, its Zacks Rank #3 suggests it may perform in line with the broader market. Zacks offers a free Special Report on five stocks with upside potential for both Democrats and Republicans, including companies in medical manufacturing, energy, aerospace, and defense.



Read more at NASDAQ: Amazon.com, Inc. (AMZN) Is a Trending Stock: Facts to Know Before Betting on It