Amazon Stock Dips Despite Strong Growth Expected in Upcoming Earnings
- Amazon (AMZN) stock dropped 0.05% despite market gains
- Amazon earnings release upcoming - projected to show 276% YoY earnings growth
- Amazon expected to report Q4 revenue of $166B, up 11% YoY
- For full year, Amazon forecasted to deliver 279% earnings growth and 11% revenue growth
- Amazon stock trading at premium valuation based on Forward P/E of 57.04 and PEG ratio of 2