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

Author: Avi Kapoor | August 01, 2024 02:35pm

Amazon.com, Inc. (NASDAQ:AMZN) is expected to release earnings results for its second quarter, after the closing bell on Thursday, Aug. 1.

Analysts expect the Seattle, Washington-based company to report quarterly earnings at $1.03 per share, up from 65 cents per share in the year-ago quarter. Amazon is projected to report quarterly revenue of $148.56 billion, compared to $134.38 billion in the year-earlier quarter, according to data from Benzinga Pro.

Amazon.com intends to deploy at least 100,000 electric delivery vans (EDV) on the road by 2030 but is nowhere close to its target.

Amazon shares rose 2.9% to close at $186.98 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 $217 to $224 on July 30. This analyst has an accuracy rate of 75%.
• Wedbush analyst Scott Devitt reiterated an Outperform rating and a price target of $225 on July 26. This analyst has an accuracy rate of 81%.
• Bernstein analyst Mark Shmulik maintained an Outperform rating and boosted the price target from $210 to $215 on July 22. This analyst has an accuracy rate of 79%.
• Truist Securities analyst Youssef Squali maintained a Buy rating and raised the price target from $220 to $230 on July 22. This analyst has an accuracy rate of 83%.
• Needham analyst Laura Martin maintained a Buy rating and increased the price target from $205 to $210 on July 17. This analyst has an accuracy rate of 72%.

Read This Next:

• Jim Cramer Says This Home Improvement Chain Is A Buy Ahead Of Fed Rate Cut Cycle: ‘I Would Pick Some Up Tomorrow‘

Posted In: AMZN