Amazon (AMZN) Stock Sinks As Market Gains What You Should Know Yahoo Finance | Makemetechie.com Summary
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- This industry, currently bearing a Zacks Industry Rank of 33, finds itself in the top 14% echelons of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups..
- As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance..
- 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..
- This valuation marks a premium compared to its industry's average Forward P/E of 21.81.It's also important to note that AMZN currently trades at a PEG ratio of 1.95..
- Meanwhile, our latest consensus estimate is calling for revenue of $165.93 billion, up 11.21% from the prior-year quarter.AMZN's full-year Zacks Consensus Estimates are calling for earnings of $2.67 per share and revenue of $570.75 billion..
- Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Want the latest recommendations from Zacks Investment Research?.
In the latest market close, Amazon (AMZN) reached $147.42, with a 0.95% movement compared to the previous day. This move lagged the S&P 500s daily gain of 0.27%. Elsewhere, the Dow saw an upswi [+3219 chars]
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