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Key Takeaways
- Amazon will release the earnings report for its first quarter on Thursday, after the markets close.
- Analysts are bullish about the online retailer and tech giant and expect revenue and profit to rise during the 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 are bullish about Amazon (AMZN), the online retailer and tech giant, as they expect to release its first-quarter results on Thursday after the closing bell.
Visible Alpha’s 26 analysts who follow Amazon rate the stock as “buy” with each analyst setting a price above current levels. The average price is $241. That’s a 27% increase over Thursday’s intraday price of $189.19. But it’s down compared to the $259 price target set ahead of the last quarter report.
Amazon is expected to report a $155 billion revenue for the quarter ending in March, up 8% compared to the same quarter last year. Earnings per share should rise to $1.36, up from $0.98 at the same time last.
Amazon shares are down about 14% from the beginning of the year. This is due to a market decline fueled by tariffs, which has been a major blow to the Magnificent 7 companies.
China Tariffs Create Uncertainty
Analysts are likely to want more information on Amazon’s plans for keeping up with its artificial intelligence competitors. Wall Street is also focusing on the impact of Trump’s tariffs.
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.
Executives may also be asked about reports earlier this week that the company planned to show shoppers the effects of tariffs on items for purchase, which led to a stiff rebuke from the White House. The company later said it considered such a move, but only for its Amazon Haul business, and that the idea “was never approved and is not going to happen.”
UPDATE—May 1, 2025: This article has been updated since it was first published to reflect unadjusted earnings estimates, and more recent analyst projections and share price values.
