April 25 - Amazon (AMZN, Financial) is set to release its first-quarter results on May 1, with Wall Street anticipating strong year-over-year growth.

Consensus estimates point to earnings per share of $1.36, up 39% from a year earlier. Revenue is projected to climb more than 8% to $155.1 billion. Despite macroeconomic concerns and tariff-related pressures, analysts maintain a broadly optimistic outlook, citing Amazon's scale in e-commerce, cloud computing, and advertising.

Citi's Ronald Josey reiterated a Buy rating and $225 price target, expecting results to either meet or slightly exceed estimates. However, Josey noted that AWS demand and China-related tariff impacts will likely shape performance in the second half of the year.

Jefferies' Brent Thill also reaffirmed a Buy but trimmed his target to $240 from $250, citing near-term revenue and margin risks tied to Chinese imports. Still, he sees AWS as a “crown jewel” and anticipates AI-driven tailwinds.

Bank of America's Justin Post echoed that view, highlighting Amazon's valuation discount versus Walmart (WMT, Financial) and confidence in the company's AI and retail margin gains.