Amazon.com, Inc. (AMZN) Hits Fresh High: Is There Still Room to Run?
From Nasdaq:
Amazon (AMZN) shares have recently hit a 52-week high, up 5.3% in the past month. With a return of 2.1% since the start of the year, Amazon seems to be outperforming other sectors and industries.
Based on the fiscal year, earnings of $3.61 per share on $570.95 billion in revenues are expected. For the next fiscal year, a 34.09% increase is expected in earnings with a year-over-year change of 11.61% in revenues.
The stock’s valuation metrics reflect a 43X current fiscal year EPS estimate, trading at a premium to the peer industry average of 19.9X. The stock has a Value Score of C and a VGM Score of A.
Amazon currently has a Zacks Rank of #2 (Buy), passiig the test of rising earnings estimates and Style Scores of A or B. Shares could still be poised for gains ahead.
In another industry, Expedia Group, Inc. (EXPE) seem like a decent choice offering a Zacks Rank of #2 (Buy) and matching A and A scores, albeit with a D in Growth.
As the Internet – Commerce industry looks bright for both AMZN and EXPE, can the stock’s future be as bright as its present?
The impending demand caused by the electric vehicle revolution has peaked the interest of investors. As a result, banks of lithium batteries are predicted to produce a year-over-year increase in earnings of 889%.
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