Amazon Stock: Performance, Competitors, and Financial Health

Amazon's stock (AMZN) experienced a slight decline of -0.95% compared to the previous day, underperforming the overall market gains. Analysts and investors are closely watching the upcoming earnings disclosure, with predictions of significant growth in earnings per share (EPS) and revenue. Changes in analyst estimates can impact stock price performance, and Amazon currently holds a Zacks Rank of #2 (Buy). The stock is trading at a premium valuation compared to its industry average, with a forward P/E ratio of 55.71. The Internet-Commerce industry, to which Amazon belongs, is ranked in the top 14% of all industries.