Amazon Profits Are Imminent; Here are the latest forecast changes from Wall Street's most accurate analysts – Amazon.com (NASDAQ:AMZN)

Amazon.com, Inc. AMZN will report third quarter earnings results after the closing bell on Thursday, October 31st.

Analysts expect the Seattle, Washington-based company to report quarterly profit of $1.14 per share, up from 86 cents per share in the year-ago period. Amazon expects revenue of $157.2 billion for the quarter, compared to $141.41 billion a year ago, according to data from Benzinga Pro.

Amazon missed analysts' revenue estimates last quarter, but had beaten estimates in six consecutive quarters before this quarter. Overall, Amazon has exceeded analysts' sales estimates in eight of the last ten quarters.

Amazon shares rose 1% on Wednesday to close at $192.73.

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

Let's take a look at how Benzinga's most accurate analysts have rated the company recently.

• UBS analyst Stephen Ju maintained his Buy rating and increased the price target from $220 to $223 on October 28. This analyst has an accuracy rate of 75%.
• Needham analyst Laura Martin reiterated her Buy rating with a price target of $210 on Oct. 24. This analyst has an accuracy rate of 73%.
• Nicholas Jones, an analyst at JMP Securities, reiterated a “Market Outperform” rating with a price target of $265 on October 15. This analyst has an accuracy rate of 67%.
• Evercore ISI Group analyst Mark Mahaney reiterated his Outperform rating with a $240 price target on October 11. This analyst has an accuracy rate of 82%.
• Scotiabank analyst Nat Schindler initiated coverage of the stock on October 11 with a “Sector Outperform” rating and a $245 price target. This analyst has an accuracy rate of 67%.

Are you considering buying AMZN stock? This is what analysts think:

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