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Amazon (AMZN) Stock Moves -1.11%: What You Should Know
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Amazon (AMZN - Free Report) closed at $1,495.46 in the latest trading session, marking a -1.11% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.82%. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the online retailer had lost 15.48% over the past month. This has lagged the Retail-Wholesale sector's loss of 2.82% and the S&P 500's loss of 2.57% in that time.
Wall Street will be looking for positivity from AMZN as it approaches its next earnings report date. This is expected to be February 7, 2019. On that day, AMZN is projected to report earnings of $5.61 per share, which would represent year-over-year growth of 159.72%. Meanwhile, our latest consensus estimate is calling for revenue of $71.61 billion, up 18.46% from the prior-year quarter.
AMZN's full-year Zacks Consensus Estimates are calling for earnings of $19.37 per share and revenue of $232.69 billion. These results would represent year-over-year changes of +325.71% and +30.82%, respectively.
Investors should also note any recent changes to analyst estimates for AMZN. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 8.73% higher within the past month. AMZN is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that AMZN has a Forward P/E ratio of 78.06 right now. This represents a premium compared to its industry's average Forward P/E of 19.94.
Investors should also note that AMZN has a PEG ratio of 2.89 right now. 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. The Internet - Commerce was holding an average PEG ratio of 1.96 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 38% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Amazon (AMZN) Stock Moves -1.11%: What You Should Know
Amazon (AMZN - Free Report) closed at $1,495.46 in the latest trading session, marking a -1.11% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.82%. Elsewhere, the Dow lost 2.21%, while the tech-heavy Nasdaq lost 1.7%.
Prior to today's trading, shares of the online retailer had lost 15.48% over the past month. This has lagged the Retail-Wholesale sector's loss of 2.82% and the S&P 500's loss of 2.57% in that time.
Wall Street will be looking for positivity from AMZN as it approaches its next earnings report date. This is expected to be February 7, 2019. On that day, AMZN is projected to report earnings of $5.61 per share, which would represent year-over-year growth of 159.72%. Meanwhile, our latest consensus estimate is calling for revenue of $71.61 billion, up 18.46% from the prior-year quarter.
AMZN's full-year Zacks Consensus Estimates are calling for earnings of $19.37 per share and revenue of $232.69 billion. These results would represent year-over-year changes of +325.71% and +30.82%, respectively.
Investors should also note any recent changes to analyst estimates for AMZN. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 8.73% higher within the past month. AMZN is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that AMZN has a Forward P/E ratio of 78.06 right now. This represents a premium compared to its industry's average Forward P/E of 19.94.
Investors should also note that AMZN has a PEG ratio of 2.89 right now. 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. The Internet - Commerce was holding an average PEG ratio of 1.96 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 160, which puts it in the bottom 38% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.