Amazon Stock Up As Analyst Estimates Rise Ahead of Earnings
• Amazon (AMZN) stock rose 1.91% yesterday, outpacing the S&P 500's 1.03% gain • Amazon is expected to report strong EPS and revenue growth in its next earnings release • Analyst estimates for Amazon have trended upward recently, signaling optimism about growth • Amazon stock trades at a premium relative to industry peers based on forward P/E and PEG ratios • The Internet-Commerce industry ranks in the bottom 43% of Zacks-covered sectors by performance