Amazon (AMZN) Dips More Than Broader Market: What You Should Know

Amazon (AMZN) closed down 2.09% and underperformed the S&P 500. The stock holds a Zacks Rank #3 (Hold) rating with a Forward P/E of 19.42, trading at a premium to its industry average of 16.74. Analysts expect upcoming earnings of $2.03 per share with 4.1% year-over-year growth and revenue of $201.93 billion, up 12.08% annually. The Internet-Commerce industry ranks in the bottom 36% of all industries.