Amazon Stock Underperforms Despite Strong Growth Forecast
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Amazon (AMZN) stock sank 0.95% despite market gains, underperforming the S&P 500's 0.27% rise.
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Amazon is predicted to post strong 271% EPS growth in upcoming earnings, with revenue up 11%.
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Amazon shares have appreciated 3.94% over the past month, less than the S&P 500's 6.94% gain.
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At present Amazon trades at a premium valuation, with a Forward P/E of 55.71 vs industry average of 21.81.
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The Internet-Commerce industry is ranked favorably, in the top 14% of Zacks industries, which signals potential further upside.