Amazon stock fell 1.26%, outperforming S&P 500

From Nasdaq: 2024-09-03 17:45:23

In the recent market close, Amazon (AMZN) reached $176.25, with a -1.26% movement compared to the previous day, outperforming the S&P 500. Shares of the online retailer had gained 10.86% over the past month, ahead of the Retail-Wholesale sector and S&P 500. Analysts project Amazon to report EPS of $1.15 and revenue of $157.05 billion.

The Zacks Rank system assigns Amazon a #3 (Hold) rating, with the Zacks Consensus EPS estimate shifting 0.63% upward in the past month. Amazon holds a Forward P/E ratio of 37.63, higher than the industry average, and a PEG ratio of 1.37. The Internet – Commerce industry ranks within the top 29% of over 250 industries.

Experts have identified 7 elite stocks as the “Most Likely for Early Price Pops,” part of the current list of 220 Zacks Rank #1 Strong Buys. Since 1988, these elite stocks have surpassed the market with an annual gain of +23.7%. Check out the hand-picked list for potential immediate returns.



Read more at Nasdaq: Amazon (AMZN) Stock Moves -1.26%: What You Should Know