Amazon (AMZN) stock closed down 0.66%, but analysts are optimistic about upcoming earnings.

From Nasdaq: 2024-12-13 17:45:17

In the latest trading session, Amazon (AMZN) closed at $227.46, down 0.66%. The Dow dropped 0.2% while the Nasdaq rose 0.12%. Amazon’s stock has increased by 8.27% in the past month, outperforming the Retail-Wholesale sector and the S&P 500.

Analysts are anticipating Amazon’s upcoming earnings report with an estimated EPS of $1.50, a 48.51% increase from last year. Revenue is expected to reach $187.07 billion, a 10.06% increase. Full-year estimates project earnings of $5.19 per share and revenue of $637.22 billion.

Recent analyst adjustments to Amazon’s estimates can indicate changing business trends. Positive modifications often signal optimism. These estimate changes are linked to stock price performance, with the Zacks Rank system showing a #2 (Buy) rating for Amazon.

Amazon’s valuation includes a Forward P/E ratio of 44.1, higher than the industry average of 26.67. The PEG ratio is 1.56, above the industry average of 1.27. The Internet – Commerce industry has a Zacks Industry Rank of 74, in the top 30%.

Clean energy stocks are gaining attention as technology advances. Trillions of dollars are being invested in renewable energy sources. Download the report “Nuclear to Solar: 5 Stocks Powering the Future” for top picks. For more investment recommendations, check out “5 Stocks Set to Double” from Zacks Investment Research.



Read more at Nasdaq: Amazon (AMZN) Stock Moves -0.66%: What You Should Know