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Amazon (AMZN) Gains But Lags Market: What You Should Know
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In the latest trading session, Amazon (AMZN - Free Report) closed at $3,206.22, marking a +0.6% move from the previous day. The stock lagged the S&P 500's daily gain of 0.88%.
Heading into today, shares of the online retailer had lost 3.61% over the past month, outpacing the Retail-Wholesale sector's loss of 3.64% and lagging the S&P 500's gain of 0.15% in that time.
Investors will be hoping for strength from AMZN as it approaches its next earnings release. In that report, analysts expect AMZN to post earnings of $11.84 per share. This would mark year-over-year growth of 14.95%. Meanwhile, our latest consensus estimate is calling for revenue of $115.02 billion, up 29.37% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $56.25 per share and revenue of $487.32 billion, which would represent changes of +34.47% and +26.23%, respectively, from the prior year.
Any recent changes to analyst estimates for AMZN should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMZN is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, AMZN currently has a Forward P/E ratio of 56.66. Its industry sports an average Forward P/E of 56.66, so we one might conclude that AMZN is trading at a no noticeable deviation comparatively.
It is also worth noting that AMZN currently has a PEG ratio of 2.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AMZN's industry had an average PEG ratio of 2.03 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMZN in the coming trading sessions, be sure to utilize Zacks.com.
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Amazon (AMZN) Gains But Lags Market: What You Should Know
In the latest trading session, Amazon (AMZN - Free Report) closed at $3,206.22, marking a +0.6% move from the previous day. The stock lagged the S&P 500's daily gain of 0.88%.
Heading into today, shares of the online retailer had lost 3.61% over the past month, outpacing the Retail-Wholesale sector's loss of 3.64% and lagging the S&P 500's gain of 0.15% in that time.
Investors will be hoping for strength from AMZN as it approaches its next earnings release. In that report, analysts expect AMZN to post earnings of $11.84 per share. This would mark year-over-year growth of 14.95%. Meanwhile, our latest consensus estimate is calling for revenue of $115.02 billion, up 29.37% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $56.25 per share and revenue of $487.32 billion, which would represent changes of +34.47% and +26.23%, respectively, from the prior year.
Any recent changes to analyst estimates for AMZN should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMZN is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, AMZN currently has a Forward P/E ratio of 56.66. Its industry sports an average Forward P/E of 56.66, so we one might conclude that AMZN is trading at a no noticeable deviation comparatively.
It is also worth noting that AMZN currently has a PEG ratio of 2.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AMZN's industry had an average PEG ratio of 2.03 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMZN in the coming trading sessions, be sure to utilize Zacks.com.