This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
Amazon.com Inc. (NASDAQ: AMZN) is scheduled to release its first-quarter financial results after the markets close on Thursday. Consensus estimates were calling for $4.72 in earnings per share (EPS) and $59.65 billion in revenue. The same period of last year reportedly had $3.27 in EPS and $51.04 billion in revenue.
This e-commerce empire recently expanded a partnership with Kohl’s wherein the retailer will accept returns for items purchased on Amazon at all of its stores beginning in July.
Originally, Kohl’s and Amazon first worked together in 2017 to pilot the returns program, which is currently operating in 100 stores in the Los Angeles, Chicago and Milwaukee markets. Now the duo will roll out this program to all of Kohl’s more than 1,150 locations across 48 states.
Also during this quarter, Amazon Prime added 2 million new subscribers, offered free restaurant delivery for a month, and introduced a new line of skincare products.
Not to mention that this is one of the mega-cap FANG tech leaders offering incredible value.
Excluding Thursday’s move, Amazon has outperformed the broad markets, with its stock up over 26% year to date. In the past 52 weeks, the stock is up closer to 25%.
A few analysts weighed in on Amazon ahead of the report:
- Stifel has a Buy rating with a $2,300 price target.
- Wedbush has an Outperform rating with a $2,000 target price.
- CIBC has an Outperform rating with a $2,085 target price.
- Oppenheimer has an Outperform rating and a $2,085 price target.
- Evercore ISI has an Outperform rating with a $1,965.
Shares of Amazon were last seen up fractionally at $1,914.38 on Thursday, with a 52-week range of $1,307.00 to $2,050.50. The consensus price target is $2,080.44.
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.