Amazon.com, Inc. (NASDAQ:AMZN) is set to announce its first-quarter earnings after the market closes on February 1, 2024.
Analysts are predicting that the company will report earnings of 80 cents per share for the quarter, a significant increase from the 3 cents per share it earned in the same period last year. According to data from Benzinga Pro, revenue for the latest quarter is projected to be $166.21 billion, compared to $149.2 billion in the year-ago quarter.
In an exciting development, Amazon.com is teaming up with Mexican fintech Kueski to introduce bi-weekly installment payments in Latin America’s second-largest economy. Kueski is well-known for its “buy now pay later” and personal loan services.
On Wednesday, Amazon shares closed at $156.73, experiencing a 1.4% decline.
For those interested, Benzinga readers can find the latest analyst ratings on the Analyst Stock Ratings page. The ratings can be sorted by stock ticker, company name, analyst firm, rating change, or other variables.
Now, let’s take a look at how Benzinga’s most accurate analysts have rated the company recently:
– Joseph Feldman from Telsey Advisory Group maintained an Outperform rating and raised the price target from $165 to $185 on January 24, 2024. This analyst has an accuracy rate of 68%.
– Daniel Kurnos from Benchmark maintained a Buy rating and increased the price target from $170 to $175 on January 22, 2024. This analyst has an accuracy rate of 76%.
– Mark Kelley from Stifel maintained a Buy rating on the stock and raised the price target from $173 to $175 on January 9, 2024. This analyst has an accuracy rate of 88%.
– Scott Devitt from Wedbush maintained an Outperform rating and raised the price target from $180 to $210 on December 21, 2023. This analyst has an accuracy rate of 82%.
– Jason Helfstein from Oppenheimer maintained an Outperform rating and increased the price target from $170 to $200 on December 1, 2023. This analyst has an accuracy rate of 77%.
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