Amazon Hits New High, Beating EPS and Revenue Estimates

Amazon shares have reached a new 52-week high, fueled by positive earnings surprises. With EPS of $1.43 exceeding estimates, investors are encouraged by the stock's growth potential as it maintains a favorable Zacks Rank of #2 (Buy).

Date: 24-01-2025

AI Rating: 7

Earnings Per Share (EPS): Amazon's recent EPS of $1.43 surpassed the consensus estimate of $1.14. The company is projected to report earnings of $6.34 per share for the current fiscal year, marking an impressive year-over-year growth of 19.87%.

Revenue Growth: The company's revenue is expected to reach $637.29 billion this fiscal year, reflecting strong growth potential. For the next fiscal year, revenue is projected to grow to $706.26 billion.

Zacks Rank: Amazon currently holds a Zacks Rank of #2 (Buy), indicating rising earnings estimates and suggesting further potential for stock price appreciation.

Stocks: AMZN JD