This Ecommerce company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
AMZN currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the Computer and Technology sector include Charter Communications, Inc. (CHTR), Synaptics Inc. (SYNA) and TIM Participacoes S.A. (TSU). All these stocks carry a Zacks Rank #1 (Strong Buy).
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