Amazon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Amazon.com, Inc. AMZN is expected to release earnings results for its first quarter, after the closing bell on Feb. 1, 2024.

Analysts expect the company to report quarterly earnings at 80 cents per share, up sharply from year-ago earnings of 3 cents per share. The company is projected to post revenue of $166.21 billion for the latest quarter, compared to $149.2 billion in the year-earlier quarter, according to data from Benzinga Pro.

Amazon.com is collaborating with Mexican fintech Kueski, known for “buy now pay later” and personal loans, to introduce bi-weekly installment payments in Latin America’s second-largest economy.

Amazon shares fell 1.4% to close at $156.73 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and increased the price target from $165 to $185 on Jan. 24, 2024. This analyst has an accuracy rate of 68%.
• Benchmark analyst Daniel Kurnos maintained a Buy rating and boosted the price target from $170 to $175 on Jan. 22, 2024. This analyst has an accuracy rate of 76%.
• Stifel analyst Mark Kelley maintained a Buy rating on the stock and raised the price target from $173 to $175 on Jan. 9, 2024. This analyst has an accuracy rate of 88%.
• Wedbush analyst Scott Devitt maintained an Outperform rating and increased the price target from $180 to $210 on Dec. 21, 2023. This analyst has an accuracy rate of 82%.
• Oppenheimer analyst Jason Helfstein maintained an Outperform rating and raised the price target from $170 to $200 on Dec. 1, 2023. This analyst has an accuracy rate of 77%.

Read This Next: Jim Cramer Says It's 'Still Not Too Late' To Buy This Energy Stock