Amazon (AMZN) is identified as a growth stock with high potential for future earnings growth.

From Nasdaq: 2024-07-24 12:45:08

Investors are on the lookout for growth stocks, despite the risks involved due to volatility and potential loss. The Zacks Growth Style Score helps identify companies with true growth potential, like Amazon, which is currently recommended with a favorable Growth Score and top Zacks Rank.

Amazon’s projected EPS growth is 58.3% this year, well above the industry average of 17.9%. The company’s cash flow growth of 59.4% also outperforms peers, with historical growth of 25.3% over the past 3-5 years. Positive earnings estimate revisions further support Amazon’s potential for growth.

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Read more at Nasdaq: Amazon (AMZN) is an Incredible Growth Stock: 3 Reasons Why