Amazon Stock Outperforms Market as Earnings Estimates Climb Ahead of Q2 Report
• Amazon (AMZN) stock beat the market in latest trading session, up 0.81% vs S&P 500’s 0.57% gain
• Amazon earnings per share expected to jump 161% year-over-year in upcoming report
• Revenue estimated to climb nearly 12% compared to last year’s quarter
• Analysts have raised EPS estimates for Amazon over the past month, indicating optimism
• Amazon has strong growth forecasts, trades at premium forward P/E ratio of 42.74x vs industry 22x