What to Watch For in Amazon Earnings

By Chris Lange Updated Jan 11, 8:22PM EST · Published Jul 26, 10:55AM EDT

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What to Watch For in Amazon Earnings — © Julie Clopper / Getty Images

Amazon.com Inc. (NASDAQ: AMZN) is scheduled to release its second-quarter financial results after the markets close on Thursday. The consensus estimates from Thomson Reuters call for $2.50 in earnings per share (EPS) and $53.27 billion in revenue. The same period from last year reportedly had EPS of $0.40 and $37.95 billion in revenue.

This company continues to add new ways for its Amazon Prime subscribers to shop at the company’s Whole Foods Market stores. Last week’s Prime Day promotion included Whole Foods stores for the first time, and Amazon said that Prime members “saved millions of dollars” with Prime Day deals, including best-selling organic strawberries.

Earlier this week the e-commerce giant launched Prime Now delivery service for Whole Foods stores in Fort Lauderdale, Miami, Palm Beach and parts of Long Island, Manhattan and Brooklyn. Christina Minardi, the store’s executive vice-president of operations, said:

We’ve been delighted with the customer response to delivery in as little as an hour through Prime Now, and we’re excited to bring the service to our customers in Fort Lauderdale, Miami, Palm Beach, Long Island and New York City. Today’s announcement is another way that we are continuing to expand access to our high-quality products and locally-sourced favorites.

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Excluding Thursday’s move, Amazon has vastly outperformed the broad markets with its stock up about 59% year to date. Over the past 52 weeks, the stock is up closer to 79%.

A few analysts weighed in on Amazon ahead of the report:

Wedbush has a Buy rating and a $1,800 price target.
Deutsche Bank has a Buy rating with a $2,200 price target.
Telsey Advisory has an Outperform rating and a $2,100 target.
Piper Jaffray has an Overweight rating and a $2,075 target.
JPMorgan has a Buy rating.
Morgan Stanley also has a Buy rating.
Credit Suisse has a Buy rating with a $2,000 price target.

Shares of Amazon were last seen down about 2% at $1,824.02, with a consensus analyst price target of $1,884.74 and a 52-week range of $931.75 to $1,863.84.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.