Amazon (AMZN) closed at $223.19, down 1.4% from the prior day, lagging behind S&P 500’s gain of 0.32%. Analysts expect Amazon to report an EPS of $1.32 and revenue of $162.17 billion, with Zacks Consensus Estimates projecting annual earnings of $6.27 per share and revenue of $695.72 billion.

Investors should monitor analyst forecast revisions for Amazon as they impact near-term share price momentum. With a Zacks Rank of #2 (Buy), Amazon is currently trading at a Forward P/E ratio of 36.1, which is higher than the industry average. The Internet – Commerce industry, where Amazon operates, has a Zacks Industry Rank of 69, indicating top performance.

To keep track of Amazon’s performance and stay informed, visit Zacks.com for updates. Additionally, Zacks Investment Research offers a $1 trial to access all their picks, giving investors a chance to explore their portfolio services and recommendations. Don’t miss out on this opportunity to make informed investment decisions.

Read more at Nasdaq: Amazon (AMZN) Stock Sinks As Market Gains: What You Should Know