Amazon stock closed up 1.06%, outperforming S&P 500 and Nasdaq, with positive earnings and revenue outlook.

From Nasdaq: 2024-10-08 17:45:21

Amazon (AMZN) closed trading at $182.72, up 1.06% from the previous day, outperforming the S&P 500 and Nasdaq. Analysts expect an EPS of $1.14 for an upcoming earnings release, with revenue projected at $157.05 billion, a 9.76% increase. Amazon has a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 38.12. The Internet-Commerce industry has an average PEG ratio of 1.38, higher than the industry average of 1, indicating a premium valuation. The top 50% rated industries have historically outperformed the bottom half by a factor of 2 to 1. Experts highlight 7 elite stocks as “Most Likely for Early Price Pops,” with an average annual gain of +23.7% since 1988.



Read more at Nasdaq: Amazon (AMZN) Outperforms Broader Market: What You Need to Know