Amazon stock outperforms S&P 500 with positive outlook and potential for earnings growth.

From Nasdaq: 2024-04-08 17:45:18

Amazon (AMZN) closed at $185.19, up 0.06%, outperforming the S&P 500. Shares rose by 5.54% in the past month. Earnings per share (EPS) projected at $0.81, a 161.29% increase from last year. Revenue estimated at $142.42 billion. Analysts have a positive outlook on Amazon, currently ranked as a Hold.

Amazon’s current Forward P/E ratio is 45.34, higher than the industry average of 19.46. The PEG ratio stands at 1.61, reflecting expected earnings growth. Internet – Commerce industry Zacks Industry Rank of 59, outperforming 76% of industries. Stay updated on stock metrics with Zacks.com during trading sessions.

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