Amazon Stock Is Beating S&P500 In YTD Returns, What To Expect From Q2 Results?

Category: Finance

Amazon's stock has gained 20% YTD, outperforming the S&P 500's 15% rise, while eBay leads with a 30% increase. The company is expected to report strong fiscal Q2 2024 results on August 1, with revenues projected to be around $148.83 billion and adjusted EPS of $1.05, slightly above consensus estimates. Amazon's valuation is estimated at $213 per share, indicating a potential 16% upside from the current price of $183.

Keywords: Amazon, Stock Performance, Earnings Report

Source: Forbes

Update At: 8/2/2024

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