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In the latest close session, Amazon (AMZN - Free Report) was up +1.87% at $258.45. The stock outperformed the S&P 500, which registered a daily gain of 1.49%. On the other hand, the Dow registered a gain of 0.71%, and the technology-centric Nasdaq increased by 2.26%.
Prior to today's trading, shares of the online retailer had lost 1.9% was narrower than the Retail-Wholesale sector's loss of 5.88% and lagged the S&P 500's gain of 0.1%.
The upcoming earnings release of Amazon will be of great interest to investors. On that day, Amazon is projected to report earnings of $2.01 per share, which would represent year-over-year growth of 3.08%. Our most recent consensus estimate is calling for quarterly revenue of $202.01 billion, up 12.12% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $13.02 per share and revenue of $829.29 billion, indicating changes of +81.59% and +15.67%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Amazon. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 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 0.47% lower within the past month. Amazon is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Amazon is presently being traded at a Forward P/E ratio of 19.49. This valuation marks a premium compared to its industry average Forward P/E of 16.13.
We can also see that AMZN currently has a PEG ratio of 1.21. 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 1.21 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 31% 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.
View the Zacks #1 Rank List
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Amazon (AMZN) Laps the Stock Market: Here's Why
In the latest close session, Amazon (AMZN - Free Report) was up +1.87% at $258.45. The stock outperformed the S&P 500, which registered a daily gain of 1.49%. On the other hand, the Dow registered a gain of 0.71%, and the technology-centric Nasdaq increased by 2.26%.
Prior to today's trading, shares of the online retailer had lost 1.9% was narrower than the Retail-Wholesale sector's loss of 5.88% and lagged the S&P 500's gain of 0.1%.
The upcoming earnings release of Amazon will be of great interest to investors. On that day, Amazon is projected to report earnings of $2.01 per share, which would represent year-over-year growth of 3.08%. Our most recent consensus estimate is calling for quarterly revenue of $202.01 billion, up 12.12% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $13.02 per share and revenue of $829.29 billion, indicating changes of +81.59% and +15.67%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Amazon. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 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 0.47% lower within the past month. Amazon is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Amazon is presently being traded at a Forward P/E ratio of 19.49. This valuation marks a premium compared to its industry average Forward P/E of 16.13.
We can also see that AMZN currently has a PEG ratio of 1.21. 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 1.21 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 31% 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.