Amazon Set To Surprise In Q1 Earnings: ETFs To Buy
Zacks Investment Research | Apr 24, 2018 10:02PM ET
Amazon (NASDAQ:AMZN) is set to release first-quarter 2018 results on Apr 26 after market close. Being a market leader in online e-commerce, it is worth taking a look at the company’s fundamentals ahead of its results.
Amazon was beaten down badly in recent months following a series of allegations from Donald Trump, made via Twitter, on its business practices. Despite the crunch, Amazon remains one of the best-performing stocks of the year and the biggest boost to the overall market, climbing nearly 25% and easily crushing the industry ’s returns of 15%.
The upside is expected to continue as Amazon is poised to beat our earnings estimate as per the Zacks methodology given the positive earnings revision trend, which is generally a precursor to an earnings beat, and attractive fundamentals (read: Original post
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