From Nasdaq.: 2024-09-18 17:45:20

In the latest trading session, Amazon (AMZN) closed at $186.43, with a -0.24% change from the previous day, outperforming the S&P 500. Shares had gained 4.47% over the past month, surpassing the Retail-Wholesale sector. Analysts anticipate an EPS of $1.15 and revenue of $157.05 billion for the upcoming earnings disclosure.

With positive estimate revisions, Amazon’s stock performance is linked to analyst expectations. Utilizing the Zacks Rank model, which currently rates Amazon as a #3 (Hold), investors can capitalize on this information. Amazon currently trades at a premium Forward P/E ratio of 39.39 compared to the industry average.

Zacks has identified a new top semiconductor stock with significant room for growth amid increasing demand for AI, ML, and IoT services. Global semiconductor manufacturing is projected to reach $803 billion by 2028, offering strong earnings potential. Investors can access detailed stock recommendations from Zacks Investment Research.



Read more at Nasdaq.: Amazon (AMZN) Stock Moves -0.24%: What You Should Know