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Amazon (AMZN - Free Report) ended the recent trading session at $211.74, demonstrating a +1.96% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 1.01%. Elsewhere, the Dow saw an upswing of 0.83%, while the tech-heavy Nasdaq appreciated by 1.22%.
Prior to today's trading, shares of the online retailer had gained 4.47% outpaced the Retail-Wholesale sector's loss of 2.64% and the S&P 500's loss of 2.86%.
Investors will be eagerly watching for the performance of Amazon in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.69, reflecting a 6.29% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $177.54 billion, indicating a 14.05% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.78 per share and a revenue of $804.57 billion, indicating changes of +8.51% and +12.23%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Amazon. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. Amazon is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Amazon is presently trading at a Forward P/E ratio of 26.7. This denotes a premium relative to the industry average Forward P/E of 15.52.
It is also worth noting that AMZN currently has a PEG ratio of 1.56. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 0.89.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 163, positioning it in the bottom 34% 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) Rises Higher Than Market: Key Facts
Amazon (AMZN - Free Report) ended the recent trading session at $211.74, demonstrating a +1.96% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 1.01%. Elsewhere, the Dow saw an upswing of 0.83%, while the tech-heavy Nasdaq appreciated by 1.22%.
Prior to today's trading, shares of the online retailer had gained 4.47% outpaced the Retail-Wholesale sector's loss of 2.64% and the S&P 500's loss of 2.86%.
Investors will be eagerly watching for the performance of Amazon in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.69, reflecting a 6.29% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $177.54 billion, indicating a 14.05% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.78 per share and a revenue of $804.57 billion, indicating changes of +8.51% and +12.23%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Amazon. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. Amazon is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Amazon is presently trading at a Forward P/E ratio of 26.7. This denotes a premium relative to the industry average Forward P/E of 15.52.
It is also worth noting that AMZN currently has a PEG ratio of 1.56. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Internet - Commerce industry was having an average PEG ratio of 0.89.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 163, positioning it in the bottom 34% 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.