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Key Takeaways
- Amazon will release the earnings report for its first quarter on Thursday, after the markets close.
- Analysts expect revenue and profits to increase in the third quarter.
- Amazon will likely face more questions on its AI spending plans, and the impact of the Trump administration's tariffs on its business.
Analysts expect Amazon (AMZN), an online retailer and tech company, to release its first quarter results after the closing of the bell on Thursday.
Visible Alpha’s 26 analysts who follow Amazon rate the stock as “buy.” Each analyst has a price target that is above the current level of the stock. The average price is $241. That’s a 29% increase over Tuesday’s close, but it’s down from $259 before the last quarter’s report.
Amazon is expected to report a $155 billion revenue for the quarter ending March 31, up 8% compared to the first quarter of last year. The adjusted earnings per share is expected to increase to $1.75, up from $1.46 at the same time last.
Amazon shares have fallen about 15% since the beginning of the year amid a tariff-fueled sell-off which has hit the Magnificent 7 hard.
China Tariffs Create Uncertainty
Analysts will probably want to know more about Amazon’s plan to keep pace with its artificial-intelligence rivals. Wall Street is also focusing on the impact of Trump’s tariffs.
Raymond James analysts downgraded Amazon shares earlier this month. They said that tariffs against China could hurt Amazon’s profit margins, and also lead to a drop in advertising revenues from sellers who rely heavily on Chinese imports.
Morgan Stanley analysts wrote recently that they estimate 18% of products on Amazon are imported from China, and that roughly 60% of third-party sellers on the platform have "some China exposure" that could affect ad spending plans.
UPDATE—April 29, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.
