Amazon (AMZN - Free Report) closed the most recent trading day at $2,002.38, moving +0.22% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.44%. Elsewhere, the Dow lost 0.53%, while the tech-heavy Nasdaq lost 0.26%.
Heading into today, shares of the online retailer had gained 11.18% over the past month, outpacing the Retail-Wholesale sector's gain of 4.67% and the S&P 500's gain of 3.59% in that time.
Investors will be hoping for strength from AMZN as it approaches its next earnings release, which is expected to be October 25, 2018. On that day, AMZN is projected to report earnings of $3.21 per share, which would represent year-over-year growth of 517.31%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $56.91 billion, up 30.09% from the year-ago period.
AMZN's full-year Zacks Consensus Estimates are calling for earnings of $17.27 per share and revenue of $234.82 billion. These results would represent year-over-year changes of +279.56% and +32.02%, respectively.
Investors might also notice recent changes to analyst estimates for AMZN. Recent revisions tend to reflect the latest near-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 remained stagnant within the past month. AMZN is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, AMZN is currently trading at a Forward P/E ratio of 115.71. For comparison, its industry has an average Forward P/E of 31.29, which means AMZN is trading at a premium to the group.
Meanwhile, AMZN's PEG ratio is currently 4.37. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AMZN's industry had an average PEG ratio of 2.36 as of yesterday's close.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 21% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.