Amazon.com, Inc. (NASDAQ:AMZN) will release earnings results for its third quarter, after the closing bell on Thursday, Oct. 31.
Analysts expect the Seattle, Washington-based company to report quarterly earnings at $1.14 per share, up from 86 cents per share in the year-ago period. Amazon projects to report revenue of $157.2 billion for the quarter, compared to $141.41 billion a year earlier, according to data from Benzinga Pro.
Amazon missed revenue estimates from analysts in the last quarter but had beaten estimates in six straight quarters before that quarter. Overall, Amazon has beaten analyst estimates for revenue in eight of the last 10 quarters.
Amazon shares gained 1% to close at $192.73 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.
- UBS analyst Stephen Ju maintained a Buy rating and raised the price target from $220 to $223 on Oct. 28. This analyst has an accuracy rate of 75%.
- Needham analyst Laura Martin reiterated a Buy rating with a price target of $210 on Oct. 24. This analyst has an accuracy rate of 73%.
- JMP Securities analyst Nicholas Jones reiterated a Market Outperform rating with a price target of $265 on Oct. 15. This analyst has an accuracy rate of 67%.
- Evercore ISI Group analyst Mark Mahaney reiterated an Outperform rating with a price target of $240 on Oct. 11. This analyst has an accuracy rate of 82%.
- Scotiabank analyst Nat Schindler initiated coverage on the stock with a Sector Outperform rating and a price target of $245 on Oct. 11. This analyst has an accuracy rate of 67%.
Considering buying AMZN stock? Here's what analysts think:
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